Wednesday, December 17, 2008
Euro Soars Against US Dollar - Is This a Trend Change or Retracement?The
Euro has registered some very impressive gains against the US dollar
this week, adding nearly 5% in just the past two days. The pair is now
re-testing the multi-year bullish trend line that had guided price
action since 2002 and was broken to the downside at the beginning of
October. This is the proverbial line in the sand:... [read more]
Tuesday, December 16, 2008
The US Dollar has been punished by heavy selling pressure in recent
days. The US Dollar Index, an average of the greenback's value against
six top currencies,
has now retraced 50% of the most recent leg of the rally starting in
late September (see chart below). Support is being reinfoced by a key
upward-sloping trend line that has guided USD higher since the
multi-year down trend changed gears... [read more]
posted by forexgentrade,
in ForexGen Live Accounts Contest, US dollar
@ 8:40 PM,
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Friday, November 28, 2008
US Dollar Under Pressure As Risk Sentiment Pushes Higher (Euro Open)
The
Euro climbed steadily higher overnight and the British Pound was not
far behind as top Asian stock markets pushed higher despite a swath of
dismal Japanese economic data. Equity index futures in Europe and the
US point higher, suggesting the US dollar is likely to remain on the
defensive.
Key Overnight Developments• Japanese... [read more]
posted by forexgentrade,
in Asian stock markets, economic data, ForexGen Adcademy, Japanese economic data, Japanese Economic Indicators, Lowest Spreads, Mulyi Terminal, US dollar
@ 2:32 PM,
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Recent Posts
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