Not much respite so far for the cross, currently down at 136.15. Dealers tell me that there are lots of stops on the 135 handle, particularly under 135.20, if the fall continues. USD/JPY bids are reported at 97.25/50 but that’s a ways off yet.
EUR/JPY still under pressure
Source: www.forexlive.com
Read more...
Bank of Israel Keeps Interest Rate at 3.00%
The Bank of Israel held its benchmark interest unchanged at 3.00%. The Bank said: “The decision to leave the interest rate...
Crown Forex appeals regulator bankruptcy ruling
By Martin de Sa'Pinto ZURICH, June 11 (Reuters) - Foreign exchange provider Crown Forex said it was appealing against a bankruptcy ruling by Swiss markets ... See all stories on this...
Cross action likely to dominate
Cable and AUD/USD are exactly where we left them yesterday but the EUR and JPY have been hurt on the crosses. EUR/GBP was a big mover but as I’m not short already, I’m not going to start chasing it. I have some strong support coming at .8490 (technicals to follow). My feeling with...
FOREX VIDEO | NEW YORK SESSION REVIEW | July 22, 2009
Lower than normal volatility and a general lack of direction characterized today’s foreign exchange market. An 80-pip scalp trade on the GBP/JPY currency pair was about as good as it got for traders during the New York session. Curt Wehrley FX Bootcamp’s Quantitative...
EURUSD broke below lower border of price channel
EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour...