EUR/USD steady just under 1.4900

Source: www.forexlive.com

Sources report a Japanese bank as a notable seller of EUR/USD just ahead of 1.4900. Also selling interest has been seen out of Eastern Europe. Still seems only a matter of time before 1.4900 blown up though. Above there, good mix of sell interest and stops noted between 1.4905 and 1.4920.


Read more...

  • 1.3930 Fibo support under threat in EUR/USD

    EUR/USD continues its slide, nearing 1.3930, the 61.8% rtetracement of the 1.3800/1.4145 rally. A break suggests price could dip back to the key support level at 1.3800. Oil is giving back some of its gains after proving more resilient than the other commodity markets this afternoon. Crude is at...

  • IMF Approves More Funding for Greece’s Bailout

    Good news for Greece and the Euro zone. The International Monetary Fund has just approved 28 billion euros in funding for the cash-strapped...

  • Forex and Financial Market Update 10 June 2009

    If it wasn't for equities and commodities rallying back the last 30-minutes of Wall St. the higher-yielders in the Forex market would have been stuck on ... See all stories on this...

  • FOREX VIDEO - New York Session Review - August 10, 2009

    The GBP/USD was the only major currency pair which had shown any significant movement during today’s London session. By the open of the New York session, traders had both technical and fundamental reasons to short the cable. A profit of between 65 and 180 pips (depending on exit strategy) was...

  • All Eyes on The US Non-Farm Payrolls Release Tomorrow

    The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a number of factors, such as the U.S. Unemployment Claims...