Image by jhyerczyk via Flickr Fear of contagion is sweeping through the Forex markets this morning as traders worry that Greece’s ongoing sovereign debt problems are going to spread throughout the Euro Zone. Investors are...
Read MoreImage by jhyerczyk via Flickr The September Euro is rebounding this morning following Monday’s early sell-off and subsequent reversal up. Yesterday’s low was reached at 1.4280, only .0009 below the 50% level of the...
Read MoreThe foreign currency markets are relatively quiet this morning. Volume is light and the U.S. Dollar is trading mixed against the major markets. The June Euro is trading under pressure this morning. This follows a strong rally...
Read MoreThe June Swiss Franc is trading in a tight range this morning following Tuesday’s closing price reversal top. Today’s inside range is a combination of uncertainty and impending volatility. The lack of follow-through...
Read MoreAfter an early morning setback, the U.S. Dollar index is showing signs of a reversal bottom led primarily by weakness in the June Euro. Overnight the Greenback pierced a key .618 retracement level indicating weakness. Although a...
Read MoreThe U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added far fewer jobs in May than economists had...
Read MoreThe Euro is rebounding this morning after a sharp sell-off on Wednesday. The single currency broke hard the previous session after a test of a key 50% price level at 1.4444 and while global equity traders were shedding risky...
Read MoreAfter trading in a four-handle range over the past six-trading sessions, the EUR USD finally broke out to the upside as investor tensions eased regarding Greece’s willingness to restructure its sovereign debt. Since early...
Read MoreImage by jhyerczyk via Flickr The June Swiss Franc is trading firm after soaring to a new high overnight at 1.1721. The rally took out the old top at 1.1697, further solidifying the new main bottom formed at 1.1177 on May 13th....
Read MoreThe Euro is bouncing back this morning after briefly piercing the recent swing bottom at 1.4048 and a .618 retracement level at 1.4006. This morning’s rebound doesn’t suggest a change in investor sentiment, but...
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