The Weekly Nearby Euro closed up for the second consecutive week. The up move was subtle, however, indicating that it was probably more short-covering than new buying. The trading action also regained the August 2010 bottom at...
Read MoreThe Daily June Euro chart continues to reflect the uncertainty in the single currency with the market currently bounded by a closing price reversal bottom at 1.2288 and a closing price reversal top at 1.2670. In addition, the...
Read MoreA possible upside target is emerging in the Australian Dollar/U.S. Dollar as the weekly chart is indicating that despite all the bad economic news, the market wants to move higher. The move has been slow in developing, however,...
Read MoreThe June Euro futures contract is posting a slight gain this morning. The gains are being attributed to the favorable Spanish auction. Talk of possible aid from the European Central Bank and a favorable nod from the U.S. Federal...
Read MoreRumors that the European Central Bank would announce measures to battle the debt crisis in Spain and Italy spurred a turnaround in June Euro futures this morning. After reaching a low at 1.2358, the single currency is trading...
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