FOREX: EUR/USD Retracing Head-and-Shoulder Surge?
February 7, 2011 9:30 am by Greg HoldenExpectations this week for the world’s primary currency pair, the EUR/USD, may be summed up by viewing the daily chart’s technical formation. Beginning with last year’s record low price of 1.1875, this pair has been developing a long-term, upward angled, ...
European Interest Rates on Tap Today
February 3, 2011 7:00 am by Greg HoldenRising market optimism seems to have driven a number of the higher-yielding, European currencies upward in value this week. The US dollar, on the other hand, has experienced a steady free-fall against the majority of its primary currency counterparts as ...
Swedish Krona Reaches 10-yr High vs. EUR
February 1, 2011 11:30 am by Greg HoldenThe Swedish economy has been outperforming many of its regional neighbors over the past few years and traders are beginning to see a signal that its currency is breaking barriers.
GBP Slides on Poor GDP Figures; MPC to Vote on British Rates
January 26, 2011 7:00 am by Greg HoldenFollowing yesterday’s dismal reading from the United Kingdom regarding its gross domestic product (GDP), the British pound took a sharp nose-dive against most of its currency rivals. Today’s vote by the Bank of England’s (BOE) Monetary Policy Committee (MPC) could ...
Weekly Forecast: USD to Pare Losses this Week?
January 24, 2011 11:00 am by Greg HoldenThe US dollar's mixed results last week, on a fundamental level, may be broken down to a shift in risk appetite and consumer confidence. From a technical standpoint, the movement looks like a consolidating retracement against most of its rivals ...
GBP/CHF Meeting Resistance at 1.5388
January 21, 2011 7:30 am by Greg HoldenThe British pound has had difficulty breaching the 1.5388 price barrier against the Swiss franc lately. Over the past several days the GBP/CHF has attempted a breakthrough beyond this border, but has met staunch resistance each time.
US Growth Creates Volatility for USD and Crude Oil
January 21, 2011 7:00 am by Anton EljwizatThe U.S. dollar experienced one of its most bullish trading days in recent weeks on Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The USD made significant gains ...
GBP/JPY Continuing 6-Month Bearish Channel
January 20, 2011 8:00 am by Greg HoldenThe long-term trading pattern on the GBP/JPY appears to reveal a distinctive bearish channel over the past six months.
USD Forecast to Maintain Gains Today
January 20, 2011 7:30 am by Dan EduardThe US dollar was able to make substantial gains against most of its main currency rivals in overnight trading. Whether or not the greenback will be able to maintain its bullish trend will likely depend on a batch of ...
Euro Remains Well Bid
November 19, 2010 3:52 pm by Russell GlaserThe euro continues to be bolstered by talks of Ireland’s willingness to accept aid in order to save its faltering banking system while Fed Chairman Ben Bernanke came out swinging against critics of QE II and Asian countries weak currency ...
