March 15th, 2010 by James Chen
Bearish price action on GBP/USD, a daily chart of which is shown, as of Monday (3/15/2010) morning New York session, has erased much of the gains that the pair made late last week. On Friday after having reached 1.5200 resistance, which represented the upper border of an inverted pennant formation that was broken to the [...]
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March 12th, 2010 by Forex: iStockAnalyst.com Feed
By late 2009, as the U.S. dollar flirted with multi-year lows against most foreign currencies, big investment players crowded into trades that shorted the greenback. Commentators noted that the anti-dollar momentum had taken on a life of its own and that the trade had become too crowded. It is true that markets have a nasty tendency to move against the crowd. When a lot of traders agree on a particular trade, it’s more likely that in the short-run the opposite trade will be a winner.[More...]
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March 11th, 2010 by "Forex Trading" - Google News
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March 11th, 2010 by BusinessWeek: Investing
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March 11th, 2010 by Forex: iStockAnalyst.com Feed
Following yesterday’s bearish downturn for the U.S. Dollar, the greenback will try and recover some of its losses with the help of several critical economic indicators today. Both the U.S. Trade Balance Report and this week’s unemployment claims are likely to have an impact on Dollar positions. Whether or not they can provide USD with the necessary momentum to reverse its current direction is yet to be known.[More...]
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March 10th, 2010 by Forex: iStockAnalyst.com Feed
Investors raised their appetite for riskier assets during yesterday’s trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were the AUD and CAD, both currencies are linked to commodities, in particular crude oil. Crude oil had recently gained in positive momentum, although it closed slightly lower yesterday. The question remains whether the EUR and GBP will attract some of the appetite for riskier assets.[More...]
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March 9th, 2010 by Forex: iStockAnalyst.com Feed
Some of the latest price movements in the EUR have reflected a growing sense of optimism in the Euro-Zone, given the mild easing of debt concerns in Greece. Switzerland also appears to be having a positive effect on the region with a recent report which showed retail sales climbing much higher than forecast last month. Investor confidence in the region also appears to have risen slightly better than was anticipated. Whether Europe can sustain this bullish momentum is yet to be seen, but so far the regional currencies appear to be holding their gains.[More...]
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March 8th, 2010 by ForexYard Daily Analysis Team
Greece Debt Concerns Ease, EUR Currently Bullish
Some of the latest price movements in the EUR have reflected a growing sense of optimism in the Euro-Zone, given the mild easing of debt concerns in Greece. Switzerland also appears to be ha…
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Tags: Cmt, Cta, Currency, Currency Trading News, Downside, Foreign Exchange Trading, Forex Market, Forex Strategy, Forex Trading Strategies, Gbp Usd, momentum, Pennant, Probability, resistance, Upper Border, Wiley
