Today, the Federal Reserve, the ECB, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank announced a co-ordinated action to lower the pricing on the Existing temporary U.S. dollar liquidity swap Arrangements by 50bp so That The New Rate Will Be the
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The USD / CHF is holding on strength as seen in the 4H chart above. The 55 period simple moving average in red hock acted as support since it was crossed into the beginning of November, and tested as support. A slingshot Followed, and it is still acting as support at ;
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CAD / JPY speed rallied over the past few days as risk sentiment speed Been supported. Increased risk appetite typically benefits the Loonie as it is Closely related to stock markets as well as Oil Prices. On the Other hand, the Japanese yen Which tend to act as a safe haven ice
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Despite intra-day sharp event to 0. 9140, as the green back hock found good support there and staged a quick rebound, suggesting an intra-day low ice Possibly formed and consolidation with upside bias is seen for a test of the Ichimoku cloud (now at the 0th 9242-47 but above there ice Needed to (this
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EUR / USD ‘s consolidation from the first 3212 is still in progress and another recovery Could be seen to 4 hours 55 EMA (now at the first 3420). Nonetheless, we’d still expect upside to be limited by the first 3421/3614 resistance zone and bring another case. Below the first 3212 Will target a test on the first 3145 Support first. Break Will
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So risk is back on and all is good. Today’s price action hock seen EURUSD jumping back above the first 33, although it failed at the first 34 and eventually slide back to Below the first 3320, but European Stocks Have seen The Biggest Moves: The Euro Stoxx 50 Index was up morethan 5% today part
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So far, we can not call the current market anything but a classic bear market squeeze and we’ve got a ways to go before we can call it anything else. But the spectacular action today is of a statistically rare degree, what does it mean? Earlier today (in our week
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Although the Greenback speed rebounded after intra-day retreat to the 77th 46, a break of Friday ‘s high of 77th 80 ice Needed to confirm the rise from the 76th 58 speed resumed and Extend Further gain to the 78th 00, however, Reckon resistance at the 78th 27 Would hold on first testing due to near-term overbought condition and ;
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AUD / USD Continued to test the Asia session lows around the 0th 9670 by the time of the U.S. as the market Looked to continue the risk off tone as Italian bond auctions were again weak at best with reports That the Greeks were to Change Their wanted 50% write-offs to 75%.
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