The EURUSD continued its bearish intraday bias yesterday, as a part of the bearish scenario after made a false breakout above the triangle as you can see on my daily chart below. Overall price is still in consolidation phase but my short term technical bias remains bearish testing 1.4300
Daily Technical Analysis
August - 31 - 2011
Market Morning Briefing
August - 31 - 2011
The Euro (1.4375) has fallen below 1.4400 in the US session as reportedly US Factory Orders rose 2.4% in July. The earlier failure of the Euro to build on its rally to 1.4550 a couple of days ago had made it vulnerable to a fall, beleagured as it is by
The Daily Forecaster: USDJPY
August - 31 - 2011
It is very difficult to integrate the erratic decline with a directly bearish structure and the recovery we are seeing low looks like moving up to around 77.01 and after a correction to the 77.24 area. That should see a cap for a reversal lower. Only above 77.40 is going
Chemical stocks mixed, Barclays touts sector
August - 31 - 2011
Shares of chemical companies were mixed Wednesday and Barclays Capital said that the stocks, which had a long climb that stalled earlier this year, still have room to grow.
CHF Strength Resumes, Canada’s Economy Shrinks
August - 31 - 2011
The greenback was broadly mixed amid several economic data releases in the NY session. The Swiss franc was the strongest performer, up about +1.79% against the buck at time of writing as officials appeared to downplay policy response with regards to the exchange rate. Swiss Economy Minister Schneider-Ammann spoke today
CHF Strength Resumes, Canada’s Economy Shrinks
August - 31 - 2011
The greenback was broadly mixed amid several economic data releases in the NY session. The Swiss franc was the strongest performer, up about +1.79% against the buck at time of writing as officials appeared to downplay policy response with regards to the exchange rate. Swiss Economy Minister Schneider-Ammann spoke today
CHF Strength Resumes, Canada’s Economy Shrinks
August - 31 - 2011
The greenback was broadly mixed amid several economic data releases in the NY session. The Swiss franc was the strongest performer, up about +1.79% against the buck at time of writing as officials appeared to downplay policy response with regards to the exchange rate. Swiss Economy Minister Schneider-Ammann spoke today
With ECB Shelving its Tightening Campaign, EUR Set to Weaken vs AUD and NZD
August - 31 - 2011
There have been several developments recently on the European front which have put pressure on the EUR. We highlighted some of those yesterday.
Today we have a fresh round of concerns, mainly revolving around Greece and the issue of Finland demanding collateral for putting up money as part of the second