FX Technical Analysis – EUR/USD Bullish Flag Trade
May 4, 2011 10:44 am by Russell GlaserThe EUR/USD has consolidated its gains over the past week, creating a bullish flag pattern on the daily chart. Given the Momentum-14 indicator is moving higher, a breakout to the upside is expected.
Euro Showing Signs of Weakness, Pound Tumbles
May 3, 2011 1:34 pm by Russell GlaserThe failure of the EUR/USD to advance above the 1.4900 level is beginning to slow momentum traders and profit taking in the pair has ensued. Versus the pound the euro is higher after weaker than expected UK manufacturing data. The ...
Crude Oil Prices Dip, Silver Rebounds
May 2, 2011 12:36 pm by Russell GlaserA quiet European trading session has been highlighted by a decline in crude oil prices following the announcement of Osama bin Laden’s death. Spot silver prices rebounded after the commodity sold off after an increase in margin requirement fueled profit ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
Euro Advances on Prospects Debt Crisis Will Be Contained
April 14, 2011 8:00 pm by Yan PettersThe euro climbed towards a 15-month high against the U.S. dollar on Thursday on estimations that the sovereign debt crisis will be contained, and following disappointing U.S. economic data.
An Over-Extended EUR/USD?
April 13, 2011 5:18 pm by Greg HoldenA number of articles published over the last few weeks have argued the case that the euro has been rising against its currency rivals beyond where its fundamentals should have taken it. Today’s publications continue to support this notion. What ...
EUR/USD Continues to Rally After Jobs Report
March 4, 2011 9:36 pm by Russell GlaserThe euro resumed its ascent higher and spot crude oil prices moved to a 2.5 year high following today’s US Non-Farm Employment Change that showed the US economy added 192K jobs and the unemployment rate fell below 9%.
Spot Crude Oil Leaps above the $100 Barrier
February 24, 2011 12:33 pm by Russell GlaserIn early European trading the price of spot crude oil eclipsed the psychological barrier amid global supply concerns and continued violence in Libya.
Technical Tip – EUR/USD – Moving Averages Signal Further Gains
February 24, 2011 9:01 am by Russell GlaserThe crossing of the 50 and 100-day moving averages hints at an extension of the current move.
Pound and Euro Gain on Increased Interest Rate Expectations
February 23, 2011 1:14 pm by Russell GlaserBoth the pound and the euro were trading higher in today’s morning trade after the release of the Bank of England Monetary Policy Committee meeting minutes showed additional support for a BOE interest rate hike. Market volatility was noticeably lower ...
