By admin on August 31, 2010
The move lower through the 1.5400 was a temporary breakdown that cable bears would have loved to have seen hold…in order for that to happen we need to see where the bulls will exhaust.
Intraday, there’s a near-term resistance waiting between 1.5480 and 1.5500. This is sandwiched between the major and minor psychological levels of “00″ [...]
Posted in Forex News | Tagged gbpusd, pressure, selling, the, wheres
By admin on August 24, 2010
The dollar retreated to re-test support close to 85 against the yen on Monday and was unable to move away from the support zone. Despite further meetings between the Bank of Japan and Finance Ministry, a lack of direct action has continued to limit selling pressure on the yen and Read More Bank of Japan [...]
Posted in Forex News | Tagged bank, japan, of, pressure, under
By admin on August 6, 2010
Russian Prime Minister Vladimir Putin announced a temporary ban on wheat exports after a drought destroyed a substantial amount of the country’s crop despite having initially promised to keep grain exports stable.
Read More Russia Caves to Pressure Banning Wheat Exports Wheat Futures Soar
Related PostRussia to sell 29bn of state assets to cut deficitBank faces [...]
Posted in Forex News | Tagged banning, caves, exports, futures, pressure, russia, soar, to, wheat
By admin on July 5, 2010
U.S. Dollar Trading (USD) with the US away on Holiday today the market took most of its cue from Europe which traded with a heavy tone. With the weak sentiment still remaining from Friday’s Non Farm Jobs Report the market will be looking to today’s ISM Services number for more Read More Stock Markets Under [...]
Posted in Forex News | Tagged markets, off, pressure, risk, stock, under
By admin on June 25, 2010
The recent equity market losses make for gloomy analysis, and coupled with renewed fears over US growth prospects, US Treasury yields have found themselves under immense pressure in the past week. For the currency trader, the decline in risk appetite should broadly favour the USD, but the drop in yields Read More Pressure On Treasury [...]
Posted in Forex News | Tagged as, equities, on, pressure, struggle, treasury, yields
By admin on May 5, 2010
Read More Euro Remains Under Pressure Ahead of ECB Rate Decision
Related PostCanadian Dollar May Come Under Pressure Ahead of BOC DecisionEuropean markets drop ahead of ECB and BoE Euro near 2010 lowsEURUSD Weekly Summary Euro remains under pressure, Hammer candlestick might give technical support next weekEuro, British Pound Remains Bid Ahead of Feds Beige [...]
Posted in Forex News | Tagged ahead, decision, ecb, euro, of, pressure, rate, remains, under
