Author: Tina Reyes

Weak Economic Reports Trigger Surge in Euro

Weaker than expected U.S. economic reports triggered a surge in the EUR USD, taking out Monday’s closing price reversal top and a major 50% retracement level at 1.3510.The news that the U.S. economy weakened overshadowed...

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Aussie Dollar Showing Signs of Topping

After hovering on both sides of an uptrending Gann angle at .9570 on Wednesday, the Aussie Dollar finally succumbed to selling pressure, triggering a break from its high and putting it in a position to form a daily closing price...

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Fed Decision Crushes U.S. Dollar

The U.S. Dollar fell sharply lower versus the Euro and the Japanese Yen Tuesday afternoon after the Federal Open Market Committee hinted that it stood ready to provide stimuli for the U.S. economy. The suggestion of additional...

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