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EUR / USD faced strong resistance ahead of the first 4577 and retreated last week. While SUCH retreat to 1. 4229 was bit deeper than expected, the late rebound and break of the first 4400 Suggested it’s Merely a correction and speed completed. The initial bias is neutral this week with focus back on the first 4577 Resistance. Decisive break

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EUR / USD faced strong resistance ahead of the first 4577 and retreated last week. While SUCH retreat to 1. 4229 was bit deeper than expected, the late rebound and break of the first 4400 Suggested it’s Merely a correction and speed completed. The initial bias is neutral this week with focus back on the first 4577 Resistance. Decisive break

View full post on Action Forex (ALL)

EUR / USD faced strong resistance ahead of the first 4577 and retreated last week. While SUCH retreat to 1. 4229 was bit deeper than expected, the late rebound and break of the first 4400 Suggested it’s Merely a correction and speed completed. The initial bias is neutral this week with focus back on the first 4577 Resistance. Decisive break

View full post on Action Forex (ALL)

We had a lot of noises in the markets recently. The U.S. debt ceiling Debate remained a major focus as the drama dragged on before the August 2 deadline. Moody’s warned Earlier in the month of a Possible U.S. downgrade. But the rating agency said in a statement on Friday

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Movers and Shakers represents a generalized forex analysis of how the currency rates shaped up from the daily open up to 15.00 GMT. With more than 25 currency pairs and 8 majors included in the analysis, traders will gain a better understanding of market dynamics and trends. The bulletin includes two parts: the short term analysis provides the data on the biggest market moving currency pair and compares the performance of majors against each other, while the long term part of the program is based on top weekly and monthly gainers and losers. By watching the review, traders will get a concise and clear picture of currency markets on a daily basis.

EUR / USD faced strong resistance ahead of the first 4577 and retreated last week. While SUCH retreat to 1. 4229 was bit deeper than expected, the late rebound and break of the first 4400 Suggested it’s Merely a correction and speed completed. The initial bias is neutral this week with focus back on the first 4577 Resistance. Decisive break

View full post on Action Forex (ALL)

EUR / JPY’s sharp decline last week argu That recovery from the 109th 57 speed Already completed at the 113th 56 already. Initial bias remains mildly on the downside this week for the 109th 57 first. Break Will confirm resumption of recent decline from the 123rd 31 and Should Target 61st 8% projection from the 117th 74 to the 109th 57 from the 113th 56 at 108th 51

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Uncertainty remained elevated and markets were on edge as debt problems on Both Sides of the Atlantic Dominated headlines. Safe havens Such as the JPY, CHF, and gold were Beneficiaries amide Market Jitters. The Swiss franc reached new record highs Gaining over 4% this week Against the Greenback and roughly

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We REMAIN with the risk-off scenario. The U.S. economy is heading for Clearly zero growth again and the EU’s is showing no probability to create a credible debt-crisis resolution. There are two Major Premises in politics it Seams: Buy time and spend yourself out of trouble. Over the last 24

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