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Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows
Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows Euro Drops Across the Board as Market Realizes EU Summit Impotent British Pound and Gilt Yields Hit Despite the BoE’s Steady 8-1 Vote Japanese Yen Continues its Climb after BoJ Avoids Stimulus Clash Australian Dollar Hits Fresh 6 Month Low Against Dollar as Rate, [...]
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EADS would face cost hit in euro zone collapse – CEO
Posted on May 26, 2012 11:39:00 GMT 11:39 AM | Originally posted at Reuters Mobile -
Tax could cost UBS up to 10 percent of Europe assets
Posted on May 26, 2012 11:38:00 GMT 11:38 AM | Originally posted at Reuters Mobile -
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Posted on May 26, 2012 11:19:00 GMT 11:19 AM | Originally posted at AME Info
Chart of the Day
US Dollar Index Classical Technical Report 05.23
The market has now taken out some major resistance by 10,100 to open the door for fresh upside and a bullish continuation over the coming weeks. Next key resistance comes in by the 10,300 area, although, with daily studies now overbought, look for opportunities to buy on dips back towards 10,000 where a fresh higher low is now sought out.
Forex News Contributors
USD/CAD Trading in an Ascending Triangle
Forex Technical Update Previous: USD/CAD Trading at Resistance Area Around 1.03 (5/24) USD/CAD Chart daily 5/25/2012 10:10AM EDT The USD/CAD continues to tap at the 1.03 handle. The 1.0280 and 1.0315 levels are previous resistance pivots. The 1H chart shows the market in an ascending triangle. There is also a sign of bullish momentum bias as the RSI failed to break below 40 after it tagged 30
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Video: 05/25 – EUR Fundamental Factors and Biases – Greece and Macro Picture
Posted on May 25, 2012 02:09:45 GMT 2:09 PM by FXTimes -
EUR/USD Cracks 1.25; 1.2330-1.2350 is the Next Key Support
Posted on May 25, 2012 01:45:23 GMT 1:45 PM by FXTimes -
EUR/JPY and GBP/JPY at Declining Channel Support
Posted on May 25, 2012 11:27:06 GMT 11:27 AM by FXTimes -
GBP/USD Trading at the February/March Consolidation Support
Posted on May 24, 2012 07:36:27 GMT 7:36 PM by FXTimes -
Video: 05/24 – Thu. Market Overview – Macro Data Soft in China, Germany, UK – Risk Rallies Overnight, Then Fades
Posted on May 24, 2012 05:44:30 GMT 5:44 PM by FXTimes
Question and Answer of the Day
Learning the Lingo: Whipsaw
A whipsaw is a condition where the market unexpectedly heads in one direction, but then is followed quickly by a movement in the opposite direction in a confusing manner. The origins of term is derived from the push and pull action used by lumberjacks to cut wood with a type of saw with the same name. Whipsaws typically move the market in such a way that traders that are trading either long or short using tight stops are stopped out of the market.
There are two types of whipsaw patterns. The first involves an upward movement in the share price, which is then followed by a drastic downward move, which causes the share’s price to fall relative to its original position. The second type involves the share price to drop for a little while, and then suddenly, the price abruptly surges towards positive gains relative to the stock’s original position.
