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Forex Technical Update GBP /JPY 4H Chart 5/7/2012, 6:53AM EDT The Japanese yen continues to strengthen across the board. The GBP /JPY was in a corrective rally in the 5/7 US session, but fell sharply over the 5/8 Asian-European session. As we enter
Friday saw heavy selling pressure coming into risk assets, specifically equities and oil. However, the real driving force behind the selling pressure is likely the result of several unrelated economic/geopolitical events. Clearly the unemployment
EDT - Q1 Employment change was 0.4% versus the 0.5% forecast, but is better than Q4 of 2011, which was 0.2% (revised from 0.1%). However, the unemployment rate went up to 6.7% versus forecast of 6.3%, up from the previous rate of 6.4% (revised from
The Reserve Bank of Australia slashed the Official Cash Rate from 4.25% to 3.75%. The 50 basis point cut was more than the 25-bps cut the market has expected. In Glenn Steven's (Governor of the RBA) statement , he mentioned slowdown in China as well
Articles The EUR /USD has been having trouble at the 1.3260 pivot and has fallen from that level after several forays. The 4/30 session to start a new week of trading has so far continued to respect this resistance but the market is also held above 1.
In the previous EUR/USD forex forecast review we noted that the SMA 20 was bearish while the SMA 50 was turning bearish. Fundamentally, both sides of the Atlantic are facing strains in their economies and hence this currency pair is probably a
Forex Technical Update The GBP /USD has been trading up for 5 straight trading days and 1 doji on the 4/23 session. As the market gears up for the 4/24 US trading sessi0on, the pair continue to trade up, now testing/cracking the 10/31/2011
Bank The region of 52.2000 offers a very strong resistance in US dollar/rupee pair, and we need a daily close above these levels for a fresh up-move towards the 53.1000 level (first target level) and 54.3000 (all-time high). Till then the broad
Forex Technical Update The EUR /USD is wrapping up the week with a push above not only this week's high, but the previous week's high near 1.3210 ...The 4H chart shows a developing descending triangle with a more or less flat support around 1.30 ,
Price attempted to push lower bottomed at 104.61 but closed higher at 105.52. The bias is neutral in nearest term but overall my intraday bias remains to the downside...A clear break above that area could trigger further bullish pressure testing 106.