Latest FX Articles
Euro Zone Budget Issues Continue Pressuring EUR
The EUR persists in weakening as credit problems in Greece continue to take their toll on the Euro-Zone economy. Greece’s belt-tightening program didn’t seem to carry the desired effect and many central bankers in the region expect these debt problems to continue pushing down on the 16-nation currency. Additionally, Portugal’s recent decision to increase the [...] Read More →
EUR/JPY Rebound Expected
The pair has recorded much bullish behavior in the past 2 days. However, the technical data indicates that this trend may reverse anytime soon. For example as described below, the 30min. chart’s signals that a bearish reversal is imminent. This might be a good opportunity for forex traders to enter the trend at a very [...] Read More →
EUR/USD Classical 02.09
The 1.3800 objective from the 1.4200-1.4600 consolidation break has now been well exceeded, with the market dropping sharply into the 1.3500’s ahead of the latest minor bounce. While our core view continues to favor additional downside, short-term technical studies are now severely oversold and warrant a much needed and healthy corrective bounce. Read More →
Daily outlook – February 9th
The week is warming up with a busier calendar today. Lets see whats awaiting us. Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the prices of homes are rising. Later in Britain, Trade Balance... [Read more]
