GBPJPY With GBPJPY breaking through the 123.27 level, its Aug 10′ 2011 low and the 122.61 level, its Oct 17′2011 high, risk of further strength is expected. In such a case, its Aug 22′2011 high at 127.31 and its daily 200 ema presently located at 127.23 will be aimed
GBPJPY – Rallies Through Key Resistance, Further Upside Expected
October - 31 - 2011
Japan’s MoF Intervenes
October - 31 - 2011
The wait is finally over. The Japanese Finance Minister Azumi stated that the MoF intervened to sell JPY. The surprise move pushed USDJPY from 75.34 to 79.53 while EURJPY went from 106.55 to 111.60. Given the increased verbal intervention last week and declining USDJPY we had suspected that Japanese officials
Daily FX Report
October - 31 - 2011
Japanese Finance Minister Jun Azumi fulfilled his announcement of the recent weeks, in which he always confirmed that the Japanese government and the Bank of Japan will work closely to lower the strengthening of the JPY. Azumi pronounced that further market interventions will be done if special circumstances are demanding
Wall Street futures fall; signal lower open for shares
October - 31 - 2011
Stock index futures pointed to a weaker open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down by between 0.6 and 0.9 percent.
Asian Market Update
October - 31 - 2011
US indices are struggling to get out of negative territory this morning after the collapse of the market rally during the European session. The terrible showing in the Italian debt auction plus the German Constitutional Court ruling that limits the Bundestag’s freedom of action on EFSF approvals sent European indices
Asian Market Update
October - 31 - 2011
US indices are struggling to get out of negative territory this morning after the collapse of the market rally during the European session. The terrible showing in the Italian debt auction plus the German Constitutional Court ruling that limits the Bundestag’s freedom of action on EFSF approvals sent European indices
EUR/USD Sinks Down To 1.3985 This Morning
October - 31 - 2011
On Friday Euro/Dollar traded within 70 pip range. The European currency depreciated from 1.4202 to 1.4132 on Friday, not matching the positive Interbank sentiment projection at over +11%, closing the week at 1.4144. This morning the Euro sunk, dropping down to 1.3985. On the 1 hour chart quotes are testing
EUR/USD Sinks Down To 1.3985 This Morning
October - 31 - 2011
On Friday Euro/Dollar traded within 70 pip range. The European currency depreciated from 1.4202 to 1.4132 on Friday, not matching the positive Interbank sentiment projection at over +11%, closing the week at 1.4144. This morning the Euro sunk, dropping down to 1.3985. On the 1 hour chart quotes are testing