By Fast Brokers - The Cable is pulling back on rising volume along with the EUR/USD, raising a red flag as far [...]
GBP/USD Drops on Rising Volume
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View of the Day: Don't write off the dollar
There are a number of reasons why its too early to bet on a collapse in the dollar in 2010, says Donald Rissmiller at Strategas Research Furthermore, the debt-to-GDP ratio remains below the 100 per cent level typically considered problematic. “While there has been some talk of an eventual US...
AUDUSD is testing channel support
AUDUSD is testing the support of the price channel on 4-hour chart. A clear break below the channel support will indicate that the rise from...
EUR/USD soft in early trade; buy orders, stops noted
EUR/USD sits at 1.4705, looking a little soft, in slow early European trade. Chinese shares are seeing accelerated losses, Shanghai index down 3% which will be weighing. Sources note buy orders lined up at 1.4700 down through 1.4680, with sell stops said to be gathered around 1.4675. On the...
AUDUSD stays in a trading range between 0.9157 and 0.9381
AUDUSD stays in a trading range between 0.9157 and 0.9381 and the price action in the range is treated as consolidation of uptrend from 0.8577 (Feb...
FOREX VIDEO | NEW YORK SESSION REVIEW | June 11, 2009
Inter-market correlation pointed to a rally on the EUR/USD currency pair during the first 30 minutes of today’s US equity market session. The rally broke a downtrend line, and a conservative long trade entry came in the form of a re-test of that former source of resistance. A 60-pip profit...