EUR/USD dips below Thursday’s low but no follow-through

Source: www.forexlive.com

EUR/USD is recovering from a dip to the high 1.3930s, just low enough to trigger stops perched below the lows posted after yesterday’s jobless claims and retail sales data. Having shaken out more longs, what’s a market to do> rebound, of course! Now we’re back up to 1.3970, annoying longs who were just stopped out and shorts who tried to sell the break. Just another happy day in the forex market…


Read more...

  • Omnicare, PharMerica Shares Weak On FTC Meeting (OCR)

    Susquehanna attributes the weakness in shares of Omnicare (NYSE:OCR) and PharMerica (NYSE:PMC) to concerns that their proposed merger may be...

  • EURJPY buying

    Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above...

  • Watching Canadian Dollar

    We are going to keep an eye on the Canadian Dollar today. The Bank of Canada’s governor is giving a speech today...

  • “Real Forex” daily analysis for 30-11-2010

    AUD/USD Daily graph: http://www.real-forex.com/charts-daily/November2010/AUD_DAILY_301110.JPG After an uptrend who last for 3 weeks, the pair...

  • Ahmadinejad wins election, State media reports

    Not so fast, says IRNA, the Iranian official media outlet. They say Ajad has won the election. Turnout was extremely high in the election, according to media reports, so unrest is possible if credible claims that the election was stolen can be made. Could be an interesting weekend in...