Early Friday, the Euro and the Australian Dollar both struggled to make much headway in Asia. This was due to the fact that a dip in Chinese non-manufacturing data weighed on sentiment, prompting traders to lighten positions in risk currencies, while awaiting also a key jobs report in the United States. This shows that risk [...]
The Dollar and Euro struggled against the Yen in Asia on Thursday as it continued to appreciate, raising the danger that Japan would act to weaken its currency. The Japanese Finance Minister said on Thursday that he is prepared to take firm measures on currencies when needed. Markets are also likely to react to debt sales from [...]
Tuesday 31st Jan 12 1st Resistance – 1.3233 2nd Resistance – 1.3302 1st Support – 1.3075 2nd Support – 1.2929 Monthly Pivot – 1.3087 Weekly Pivot – 1.3111 Strategy – As this might be a short term top, target short position. Tactics – Taking light short positions below 1.3075. Sell order is still open at [...]
Earlier today, the Euro rose on the heels of Greek Prime Minister, Lucas Papademos, having raised hopes that a potentially disastrous debt default would be avoided, with the likelihood of a debt swap deal being made this week between the Greek government and private bond holders. However, concerns over Portugal’s refinancing ability resulted in capped [...]
Hi everyone, A new Forex Educational Product called “World Class Ttrading Stars” is about to make a big impact on the forex scene! This will definitely catapult your trading to the next level. They only have a small number of the systems on sale as fron 18 October 2011. These are the same systems that [...]
