With just minutes to go, US equities have given up a huge chunk of their gains. Shares sit at 944, the former high for the S&P and an important technical point on the close. EUR/USD has pulled back with stocks.
Stocks come unglued down the stretch
Source: www.forexlive.com
Read more...
Cable touch firmer early
Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political...
The AUD falls Against Yen and Dollar as RBA Leaves Interest Rate Unchanged
By TraderVox.com Tradervox (Dublin) - The Australian dollar declined to a two-week low against the yen and the dollar after the Reserve Bank...
China Stirs Up Troubled Waters in the South China Sea
By MoneyMorning.com.au With all the focus on European financial markets, let’s not forget geopolitics. Just as financial panics evolve...
Cable extends rally
Cable continues it’s march higher, presently at 1.6370. Continues to be underpinned by robust risk appetite. Personally little surprised it’s got quite this far. Technical resistances now noted at 1.6375/80 and then...
Weekly Technical Strategist - Forex Trading, Currency Forecast, FX ...
Weekly Technical Strategist Although EUR retains its broader medium term uptrend triggered off the 1.2456 level in early Mar'09, its price action the past week has halted that uptrend temporarily having printede a rejection candle and ... Forex Weekly Reports (ActionForex.com) -...