Thursday afternoon dealers relayed good interest to sell EUR/USD on the rally above 1.4150. Today they say they are selling from the 1.4030s. EUR/USD has fallen back toward 1.4000 despite a continued rebound equities and a bounce back in oil prices. The S&P is down just 3 points on the day while Oil is down only 30 cents after being down more than $1.50 early this morning. Markets are thin so we would be reluctant to take much of a stand either way ahead of the weekend. 1.3935/40 and 1.3915 is support if selling snowballs.
Real money late-day EUR/USD sellers again
Source: www.forexlive.com
Read more...
European Morning Forex Wrap Up; cautious start to the week
ECB’s Nowotny: Level of euro isn’t a major threat right now. It merits scrutiny but no immediate action France’s Finance Minister Lagarde reiterates we all want a strong dollar Japan PM Hatoyama: Does not think Japanese economy has turned around despite fall in Japan’s...
Time Warner Cable Launches iPhone App (TWC)
Time Warner Cable (NYSE:TWC) recently launched a new iPhone application that allows customers to watch live television from their iPhone or...
Trade Idea - Short GBP/JPY
GBP/JPY has touched the top channel line that we noted this morning. We enter a Sell Order at market (current Bid 157.37)....
Another analyst sees US losing AAA credit rating
Robert Prechter who made a name for himslef by predicting the crash of ‘87 is yet another analyst who sees the US losing it’s AAA rating. He thinks it will happen before the end of...
Investing in Index Funds
I guess not much has changed in the land of actively managed funds over the last several years. In 2006, former Investment U Chairman, Mark...