October 9, 2009
The RSI is badly directed; the pair is under pressure and challenging its bullish channel lower boundry.
Suggest short positions below 1.479 with targets at 1.4668 and 1.465.
The upside penetration of 1.479 will call for 1.482 and 1.4845
Posted by Jens. Posted In : EUR/USD Pair
October 9, 2009
The dollar declined broadly on Thursday and better-than-expected global economic data and rising equities teamed up to dent the greenback. The Euro ended up on the day but was off its session highs as it tracked US equities. The commom currency hit a session peak early in New York after European Central Bank President Jean-Claude Trichet said at the ECB's rate selling meeting Thursday that the excessive currency volatility in negative for both the economy and financial stability. and that US support for a stronger dollar in extremely important. When asked about moves to price commodities such as oil in Euros, Trichet answered "there is no strategy or campaign to foster the international use of the Euro."Trichet's remarks were made at a news conference after the ECB's policy meeting. Neither the ECB nor the Bank of England changed their interest rate stances at their respective policy meetings on Thursday.
Posted by Jens. Posted In : World Forex News
October 8, 2009
I will be updating this blog shortly with good tips, quality daily advice about the markets and their relationship to the forex currencies and daily expectations on currency movement.
Keep checking back for this exciting new and completely free service!
Posted by Jens.
October 8, 2009
I will begin posting soon, please check back for information
Posted by Jens.
