The JPY took losses against the US dollar during European trading yesterday, following a downgrade of Japan's credit rating. The USD/JPY advanced close to 60 pips over the course of the day, ...
USD/JPY rose above its first resistance levels ahead of the BoJ meeting tonight, the first sign that the consolidation may be coming to an end. The USD is also firming elsewhere – is it ready ...
The Euro (EUR) staged a revival on Monday as sentiment improved following a pledge by the G8 leaders to rejuvenate the global economy and preventing a breakup of the eurozone. Boosted by bargain...
The Euro (EUR) shrugged off incessant downward pressure in late trade on Friday as leaders of the G8 reiterated their commitment to maintaining Greece’s membership in the euro-zone. “We ...
While the euro remained bearish against its main currency rivals throughout yesterday's trading session, it avoided falling to a new four-month low against the US dollar. The marketplace was unusually...
U.S. Dollar Trading (USD)Risk off selling continued into Europe yesterday but support was found and we saw good rebounds in most markets from gold to the euro. US data was strong with April Industrial...
Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the eurozone led to risk aversion in the marketplace. ...
EUR/USD setback targets 1.2624 (2012 low).• Achieved Price Objective Two (1.2850). Stop lowered (1.2770), to lock in further profits within our model portfolio, amidst high volatility.• ...
Bearish momentum unwinds from oversold conditions.• EUR/USD’s bearish momentum is temporarily unwinding, having overstretched beneath psychological support at 1.3000. Our model portfolio ...
The euro started off yesterday's trading session on a positive note following a better than expected German Prelim GDP figure which caused the EUR/USD to advance to 1.2868. That being said, the common...