Swiss National Bank Promises Decisive Action

The USD CHF posted a daily closing price reversal top onMonday and confirmed the pattern overnight. This type of formation sets up apossible correction back to 1.1184 to 1.1123 over the next 2 to 3 days. Thedirection of the Euro […]

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Oversold Conditions help Euro Close Higher

Oversold conditions and the lack of fresh bearish newshelped the Euro turn around and close higher for the day. Fundamentally,nothing happened to change the minds of traders. Investors

Regaining “Lehman Low” could Trigger Euro Short-Covering

Traders continue to keep pressure on the Euro. The lack ofconfidence in the European Union continues to remain the major reason behindthe selling. Investors want clarity not just

Euro Breaks “Lehman Low”

On Sunday night, the Euro broke through the “Lehman Low” at1.2319 running stops and encouraging fresh selling in the process as the marketdropped to 1.2233. Although there is

Euro Traders Bracing for Test of “Lehman Low”

The EUR USD touched its lowest level since October 2008 onFriday as investors continued to pull out of the currency on the fear thatpolitical and economic problems will

Investors Losing Confidence in Euro

The Euro touched its lowest level since October 2008 thismorning as investors continue to pull out of the currency on the fear thatpolitical and economic problems will lead

AUD USD Strengthens on Better Jobs Data

The Australian Dollar is firming up this morning after areport showed that the economy added a greater-than-expected 33,700 jobs inApril. This is good news for the Aussie because

Euro Fails to Gain Traction; Short Hedge Funds Won’t Budge

The Euro finished lower on Wednesday. Now that creditconcerns in the Euro Zone have been taken care for the short-run, investors arebecoming worried about the possibility of a

Euro Giving Up Gains at Mid-Session

The Euro is trading lower at the mid-session. Now thatcredit concerns in the Euro Zone have been taken care for the short-run,investors are becoming worried about the possibility

British Pound Posts Strong Gain on Government Creation

The GBP USD advanced after it was reported that an agreementto create a new government had been reached. Traders celebrated the news thatthe Conservative party and the Liberal