The December Euro is trading lower overnight. The initial break was triggered by a sharp drop in Chinese equities. Traders perceived the weakness in the equities as a sign that today would be a “risk-off” day. Later...
Read MoreOptimism is driving the December Euro higher this morning. Hopes are rising that next week’s European Union summit will lead to a manageable solution to the expanding European debt problem. The key phrase is...
Read MoreWeekly EUR USD Pattern, Price & Time Analysis The EUR USD begins the week under pressure and in a position to smash through the October bottom at 1.3145 on its way to a test of the low for the year at 1.2873. The only thing...
Read MoreDaily GBP USD Pattern, Price & Time Analysis The GBP USD main trend is down on the daily chart. Because of the prolonged move in terms of price and time from the last main top at 1.6130 on November 8, the market could be...
Read MoreDaily December Euro Pattern, Price & Time Analysis The financial markets are screaming for concrete action by the European leaders instead of just talk. Without any short-term or long-term plans in place, fear and hope are...
Read MoreDaily December British Pound Pattern, Price & Time Analysis The December British Pound is trading weaker this morning. An early morning release of the minutes of the most recent Bank of England’s policy meeting showed...
Read MoreDaily December Euro Pattern, Price & Time Analysis The December Euro is showing a little strength this morning. Technically the market has pierced a downtrending Gann angle from the 1.4241 top at 1.3520. Although this does...
Read MoreJapanese Yen traders continue to absorb the latest round of intervention by the government that took place on October 31. With prices holding above an uptrending Gann angle at 1.2957 and a key 50 percent level at 1.2923, traders...
Read MoreDaily December Canadian Dollar Pattern, Price & Time Analysis The December Canadian Dollar is stabilizing after a week long decline. Investor concerns over possible debt contagion in Europe has trumped the impact of positive...
Read MoreDaily December British Pound Pattern, Price & Time Analysis A slew of negative fundamental data this week helped turn the December British Pound down on Wednesday. The selling pressure continued overnight but subsided a bit...
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