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 slow down in the economy. The Euro finished lower on Wednesday. Now […]

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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

Euro Erases Gains as Bailout Euphoria Wears Off

The U.S. Dollar is trading higher overnight against mostmajor Forex markets, buoyed by two major events: the inability of the EuropeanUnion’s rescue package to instill investor confidence in

British Pound finishes Higher; Election Compromise in the Works

The GBP USD opened higher driven by spillover buying fromthe Euro, but by mid-session was trading well off its high. The initial rallywas triggered by the possibility that

Euro Pares Gains; Investors worried about Long-Term

The Euro is up at the mid-session but trading well off itshigh. This was expected since the announcement by the European Union to injectclose to a trillion Dollars

Australian Dollar Plunges as Investors Shed Risky Assets

The AUD USD plunged this morning through an old swing bottomat .9001 and a major 50% price level at .8983. The Aussie broke as traders liquidated positions in

Drop in Gold and Crude Oil Triggers USD CAD Breakout Rally

The fall in the price of gold and crude oil helped drive theUSD CAD sharply higher Wednesday morning. After changing the trend to up on thedaily chart on

British Pound Firming; Investors Betting on Conservative Party Victory

The GBP USD trading better overnight as investors increasedbets on a victory for the Conservative Party. No matter how the election pansout, traders are counting on the new

Euro Briefly Pierces 1.30; Trend Down but Ripe for Short-Covering Rally

The Dollar Index continued to soar on Tuesday as it touchedits highest level since May 2009. After spending April trading on both sides ofa monthly 50% level, the