Posts Tagged ‘Hits’
Source: ForexYard
Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over 50 pips against the dollar before staging a correction. Currently [...]
EURUSD Weekly Technical Analysis.
A tough week for the dollar has culminated in EURUSD hitting the 61.8 Fibonacci area coming from the major down wave 1.6035 – 1.1187. This Fib retrace level comes just below the psychological round number 1.4500.
The weekly candle close is marginally above the level but this could yet prove to be [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Wednesday (2/23/2011) has dropped down to key support in the 1.2800 price region. This occurs after a key uptrend support line extending from the early January low was broken down in mid-February. For more technical analysis on this currency pair, please click [...]
Woah, that’s all I can say. I never expected the price of cotton to sky-rocket like this. The image above is the 1-year chart of Cotton #2 futures contract. For those who do not know, a “futures contract” is a contractual agreement made in the futures exchange to buy or [...]
David Smith’s economicsuk.com
U.S. Treasury Secretary Geithner: Sees confidence at Davos that worst of crisis is over
EU gives details on talks over fund – WSJ
Finland PM: Should concentrate on making the EFSF function better. Funds from EFSF and IMF enough
French EconMin Lagarde: Improving rescue fund a question of efficiency, not size
China’s Premier Wen: Will continue to support Europe [...]
Price action on EUR/GBP (a 4-hour chart of which is shown) as of Tuesday (11/23/2010) has once again dropped down to (and slightly breached) key support in the 0.8450 price region, the level that was established as a double-bottom low early last week. This 0.8450 support level currently also coincides approximately with a key uptrend [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (11/15/2010) has emerged from the depths of the long-term lows to attempt a bonafide push to the upside. The beginning of the new trading week has seen price action rise tentatively above and stall around key resistance in the 83.00 price [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. For [...]
