The Euro continued to rally on Tuesday as short-traders covered positions on the assumption that the Euro Zone economy may be stabilizing and the risk of a collapse in the currency is abating.Investor confidence in the global...
Read MoreJune 15, 2010 PM Euro Closes above Retracement Zone; Sets Sights on 1.2453 The Euro continued to rally on Tuesday as short-traders covered positions on the assumption that the Euro Zone economy may be stabilizing and the risk of...
Read MoreThe Euro surged early in the session on Monday as upbeat feelings about the global recovery helped drive up demand for higher risk assets. Today’s strong rally was a continuation of last week’s bottoming action which...
Read MoreJune 15, 2010 Euro breaks from High following Greece Debt Downgrade The Euro surged early in the session on Monday as upbeat feelings about the global recovery helped drive up demand for higher risk assets. Today’s strong...
Read MoreThe U.S. Dollar traded higher against most major currencies on Friday, but lower for the week. Technically, the Dollar Index posted a weekly closing price reversal top which could lead to the start of a 2 to 3 week break if...
Read MoreJune 13, 2010 U.S. Dollar Finishes Week Lower; Reversal Top Likely to Pressure Greenback The U.S. Dollar traded higher against most major currencies on Friday, but lower for the week. Technically, the Dollar Index posted a...
Read MoreEuropean Central Bank President Jean Claude Trichet fueled a surge in the Euro late this morning by stating that the ECB would maintain its liquidity measures but not increase or add any. Investors liked this news because it...
Read MoreJune 10, 2010 Trichet Says Liquidity Measures Will Not Increase; Euro soars on the Comment European Central Bank President Jean Claude Trichet fueled a surge in the Euro late this morning by stating that the ECB would maintain...
Read MoreJune 9, 2010 Euro Breaks into Close after Failing to Hold 1.20 The Dollar rose against the Euro late in the trading session after the release of the Fed’s Beige Book. The business survey showed subdued U.S. economic growth...
Read MoreThe U.S. Dollar finished down against most major currencies on Tuesday as appetite for risk shifted toward higher yielding assets. The Greenback closed lower against the commodity-linked currencies while posting a strong gain...
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