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Sterling tumbles vs dollar on Greece, dovish BoE

posted by Avatar scorpio 9 days ago in GBP made popular 9 days ago

Sterling hit a 1-1/2 month low versus the safe haven dollar ... read more
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USD/CAD higher as euro zone fears boost safe haven demand

posted by Avatar marybrian 9 days ago in CAD made popular 9 days ago

USD/CAD hit 1.0157 during early US trade, the pair's highest since January 23; the pair subsequently consolidated at 1.0136, gaining 0.16%. The pair was likely to find support at 1.0103, the session low and resistance at 1.0177, the high of January 18. read more
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Book Profits Early: Yes or No?

posted by Avatar caseystubbs 9 days ago in Daily, Special, Trading Psychology made popular 9 days ago

The question I am asking you to think about today is: if it is ok to book profits before hitting the profit target. read more
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Gold Demands Trend (Q1 2012) - Enter The Dragon

posted by Avatar forexbaby 9 days ago in GBP, Commodities made popular 9 days ago

Gold's London AM fix this morning was USD 1547.00, EUR 1217.44, and GBP 974.00 per ounce. Yesterday's AM fix was USD 1537.50, EUR 1208.73 and GBP 966.31 per ounce. Silver is trading at $27.48/oz, 21.77/oz and 17.43/oz. read more
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Dollar Just Short Of 16 Month High, We Need A Push

posted by Avatar PipChecker 9 days ago in Economic Indicators made popular 9 days ago

Yet, the market was not interested in employment figures that were fighting the trend of a double-dip recession. The focus was on the BoE's Quarterly Inflation report. This report projected that the first hike was likely after 1Q 2014. read more
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ForexLive: EURGBP corrects higher

posted by Avatar ejc 9 days ago in GBP, Technical, Daily made popular 9 days ago

A contributor to the action today in the GBPUSD and EURUSD is the EURGBP. This pair bottomed yesterday, tested the 100 hour MA and held that moving average (blue line in the chart above) in the London session. Traders with defined and limited ri read more
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A Canary In The Gold Mine?

posted by Avatar marybrian 9 days ago in USD, Commodities made popular 9 days ago

We should not overstate the message of GOR for gold. The gold / silver ratio could help. The two charts below present the gold-to-silver ratio against EUR/USD and the S&P 500. Against EUR/USD, the ratio is well-priced. Were the EUR/USD to hit 1.26, ... read more
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GBP/USD Still Weak, Downtrend Held By 1.5888 Support For Now

posted by Avatar yen2yen 9 days ago in USD, EUR, CAD, AUD made popular 9 days ago

On Wednesday Pound/Dollar continued decreasing with almost 105 pips. The Cable depreciated from 1.5994 to 1.5888 yesterday, in line with the negative money flow sentiment at bellow -7%, closing the day at 1.5907. Today the British Pound is pulling ... read more
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European Banks Closed on Ascension Day; USD, JPY

posted by Avatar FXTimes 9 days ago in USD, JPY, Technical made popular 9 days ago

5/17 – Banks are closed for European nations observing Day of Ascension, a Catholic holiday that commemorates the rise of Jesus into heaven after being crucified. US banks however are open. During the European session, there was certainly a conti read more
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EUR/USD finds bids in the 1.2745 region

posted by Avatar Jmario 9 days ago in EUR made popular 9 days ago

Across the pond, the weekly employment report, leading indicators and the Philly man survey are due. EUR/USD is advancing 0.16% at 1.2743 as of writing, with resistance at 1.2759 (intraday high) ahead of 1.2800 then 1.2822 (Lower Bollinger) and 1.2870 ... read more
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EUR/USD Bounces, But Greece Fears Remain

posted by Avatar strawberry 10 days ago in EUR made popular 9 days ago

On Wednesday Euro/Dollar traded within 80 pip range. The European currency appreciated from 1.2680 to 1.2759 yesterday, not matching the negative money flow sentiment at nearly -11%, closing the day at 1.2713. This morning the Euro is trading quietly, ... read more
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European Economics Preview: Spain Set To Auction Medium-Term Bonds

posted by Avatar hanazawa 10 days ago in EUR

The treasury aims to raise between EUR 1.5 billion and EUR 2.5 billion from the issue. The borrowing costs is expected to rise as the economy is struggling to reduce its huge public deficit and fix banking sector problems. by RTT Staff Writer european ... read more