EUR/USD is losing ground, hour by hour, pushed by rising US yields and on the eve of the EU Summit. Only a dramatic announcement will stop the bleed. Update Euro/Dollar is just above 1.32 at the end of the day in the US. Since the US session began, the common currency dropped constantly, losing over … “EUR/USD Falling Constantly – Serious Support Close”
Category: Opinions
Eur/Usd Reaches A Two Weeks High – Approaches New Levels
US stock market closed very weak yesterday as prices reversed from its daily highs in the second part of trading session. However, this did not confuse some of the Asian stocks, NIKKEI, HIS and China which all trade in the green territory. As such, current downtrend on the US dollar will likely continue through the … “Eur/Usd Reaches A Two Weeks High – Approaches New Levels”
[Video] Dollar Temporarily Retreating, Technical Level and Calendar Events
In the weekly interview with Julie Sinha on Forex TV, we discussed the sentiment about the dollar, technical levels for EUR/USD, GBP/USD, USD/JPY and AUD/USD and also ran through the major events expecting us this week, before the holidays slow down everything. Enjoy! The Euro bears returned to their caves after a nice bunch of … “[Video] Dollar Temporarily Retreating, Technical Level and Calendar Events”
Elliott Wave Video: EUR/USD – December 12
Today we will take a look on the Eur/Usd. We all know that price action was very slow in the past week and as such, many different wave counts are possible. However, today we will show you two of them, bullish and bearish interpretations. And we believe we will get answer and confirmation till Tuesday … “Elliott Wave Video: EUR/USD – December 12”
Focus on Pound, Euro Bears, and a Peak to Next Week
The Euro bears are back in town. In a wrap up of the week on Forex TV, I spoke with Julie Sinha about the vulnerability of the Euro, technical levels of major pairs (including the Aussie) and more. Enjoy, and have a great weekend!Looking at the Spanish bonds gives us a good indicator of what … “Focus on Pound, Euro Bears, and a Peak to Next Week”
USD/JPY Elliott Wave
Japanese Yen is showing a very weak picture today across the board, losing a lot of value against the other major currencies but the most against the British Pound (more than 1%). The main driver for lower Japanese Yen is higher stock market and raising yields. Guest post by Gregor Horvat The best positive correlated pair … “USD/JPY Elliott Wave”
Elliott Wave Video Analysis: Aussie, Euro, Gold and S&P500
European Stocks are higher today, pushing the US dollar lower across the board. One of the strongest currencies today is Australian dollar, which is up more than 0.50% today, threatening the parity level. We see even more upside for Aud/Usd confirmed by bullish Gold prices that reached new highs this morning around 1428.Guest post by Gregor … “Elliott Wave Video Analysis: Aussie, Euro, Gold and S&P500”
[Video] Trichet No Hero, Technical Levels, Key Events and
The Euro bears are getting ready again, as Jean-Claude Trichet was only a hero for one day. In the weekly interview on Forex TV, I spoke with Julie Sinha about technical levels of EUR/USD, GBP/USD, USD/JPY and AUD/USD, as well as key events that will shape trading this week. Enjoy! The ECB revealed the amount … “[Video] Trichet No Hero, Technical Levels, Key Events and”
Elliott Wave: S&P Gains Means More Upside For AUD/USD
Uptrend on Aud/Usd shown from 0.8065 May lows is unfinished since the pair formed only a three wave A)-B)-C) decline from the most recent 1.0181 highs. As such, we believe that this retrace was only a temporary pull-back, probably a corrective blue wave (4) which is part of an impulse structure. On our daily chart … “Elliott Wave: S&P Gains Means More Upside For AUD/USD”
Ed Ponsi: Forex Cannot Be Ignored
Ed Ponsi and Joseph Trevisani spoke on Forex TV about the successful FXCM IPO. Ponsi says that FXCM moved to the agency model rather than the principal (market maker) model, and that more forex brokers will go this way. In the interview with Julie Sinha, Ponsi also states that this IPO will bring more attention to … “Ed Ponsi: Forex Cannot Be Ignored”