Posts Tagged ‘strong’
SNB official Danthine says very cautious monetary policy is still needed and that inflation is moderate.
EUR/CHF continues to march higher as the market sheds safe-havens. It’s now at 1.3165.
By Elliott Wave International
Earnings season is upon us, so it’s a good time to delve into how earnings affect stock prices. Here’s an excerpt from Bob [...]
Price action on EUR/GBP (a 4-hour chart of which is shown) as of Friday (3/25/2011) has consolidated just under 0.8800 after breaking out above 0.8760 resistance on Thursday. This occurs within the context of a very well-formed uptrend that has been in place since the mid-February lows. Since those lows, price has made regular dips [...]
Price action on EUR/USD (a daily chart of which is shown) as of Thursday (3/24/2011) has bounced from the 1.4052 price level after correcting/retracing from its 1.4247 high hit earlier in the week. The level at which price bounced is also around the 38% Fibonacci retracement of the last bullish run (from the 1.3751 low [...]
Nothing controversial in those remarks…purely a statement of fact.
That’s one reason why China has recently allowed the CNY to strengthen as it acts as another form of monetary tightening, along with higher interest rates and higher reserve requirements…
Chris Vermeulen, thegoldandoilguy.com/trade-money-emotions.php
This has been an interesting week for traders and investors as precious metals melt down on the back of a rising dollar. Equities on the other hand bucked the trend and moved higher as they get bought into earning season. Once the earnings start to be released we should see [...]
By Forex Signs, Inc.
The AUDCAD pair started bearish at today’s opening session; it tried to break support of 1.0114 in H1 chart but failed. After one candle stick, the pair gradually made a reversal. As of press time, the price level already increased by 40 pips. During yesterday’s trade, the pair [...]
By Greg Holden – The British pound’s recent gains against the US dollar were short-lived yesterday as the pair found strong resistance at 1.5820.
The Fibonacci retracement lines drawn on our daily chart suggest that this price level is actually a significant statistical barrier for the pair as the 61.8% line.
We can see on [...]
Price action on GBP/USD (a 4-hour chart of which is shown) as of Monday (11/29/2010) has continued to display a strong and rapid bearish bias after having just established a fresh two-month low. This occurs after price action broke down last week below a key uptrend support line extending from the early September low, then [...]
By Natalie R. – Gold continued its decline in European trading today, dropping to $1365 an ounce from an overnight price of $1372. The decline came as the dollar strengthened further versus the euro, as the ERU/USD pair reached a two week low of 1.3260.
The drop came as concerns intensified that [...]
