May 9, 2010 Euro Stabilizes but Still Faces Problems After an extremely hard sell-off which began Monday, the Euro stabilized on Friday and actually finished higher for the day. With the way information has been distributed this...
Read MoreMay 6, 2010 Euro Plunges as ECB Takes No Supportive Action The EUR USD plunged sharply lower on Thursday breaking through 1.26 and approaching dangerously close to the October 2008 bottom at 1.2329. There may be a technical...
Read MoreThe U.S. Dollar gained ground against most major currencies with the exception of the Japanese Yen on Wednesday boosted by demand for safer assets. The Dollar Index continued its six month rally, touching its highest level since...
Read MoreMay 5, 2010 Flight to Safety Rally Drives Dollar Index through Retracement Level The U.S. Dollar gained ground against most major currencies with the exception of the Japanese Yen on Wednesday boosted by demand for safer assets....
Read MoreThe Dollar Index continued to soar on Tuesday as it touched its highest level since May 2009. After spending April trading on both sides of a monthly 50% level, the Index is now in a position to test the .618 price. Based on the...
Read MoreMay 4, 2010 Dollar Index in Retracement Zone; Euro Likely Oversold The Dollar Index continued to soar on Tuesday as it touched its highest level since May 2009. After spending April trading on both sides of a monthly 50% level,...
Read MoreThe Euro remained under pressure on Monday despite an announcement by Greece, the European Union and the International Monetary Fund that a 3-year bailout package has been reached which will provide as much as $146 billion for...
Read MoreMay 3, 2010 Euro under Pressure; Traders Expect RBA to Hike Rates 25 Basis Points The Euro remained under pressure on Monday despite an announcement by Greece, the European Union and the International Monetary Fund that a 3-year...
Read MoreA hard break in U.S. equity markets Friday helped to weaken the AUD USD. After testing a downtrending Gann angle at .9317 early in the session, the Aussie began to weaken when stock indices failed to follow-through to the...
Read MoreApril 30, 2010 Sell-off in Stocks Triggers AUD USD Break A hard break in U.S. equity markets Friday helped to weaken the AUD USD. After testing a downtrending Gann angle at .9317 early in the session, the Aussie began to weaken...
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