which makes it especially important to watch for warning signs prior to entry.
In other words, we will look to enter long near 1.9755 unless we see gaps
and/or wide-ranging candles prior to entry. If these do show up, or if
additional reversal signs are not present near 1.9755 (bullish pattern
By Allison Bennett “There are good indications that euro-dollar may have set a
low at the end of last week,” technical analysts led by Tom Fitzpatrick in New
York wrote in a report. “Focus is on near term resistance at 1.3750 and a close
above there would be a bullish short-term
European Commission President Jose Barroso won approval for a five-year team
that features Olli Rehn as economy commissioner, Michel Barnier as
financial-services chief and Joaquin Almunia as head of competition. The
European Parliament gave its backing today in Strasbourg, France, amid
European Commission President Jose Barroso won approval for a five-year team
that features Olli Rehn as economy commissioner, Michel Barnier as
financial-services chief and Joaquin Almunia as head of competition. The
European Parliament gave its backing today in Strasbourg, France, amid
By Daniel Tilles The “euro is still looking like the sickest dog in the
litter,” Greg Gibbs, a currency strategist in Sydney, wrote today in a report.
“It has broken below the key $1.374 level that was once a key resistance until
May last year, and a key base for the currency in
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of Greece, Portugal and
Spain at a meeting of government heads on
* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) -
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of
By Ron Harui The European currency’s 50-day moving average, currently at
$1.4324, dropped below its 200-day moving average of $1.4351 today, creating a
dead-cross pattern. The euro slid 11.9 percent in less than two months after
the last such cross occurred, dropping from $1.3998 on
By Chris Fournier The currency, known as the loonie for the image of the
aquatic bird on the C$1 coin, has declined 1.9 percent against the greenback in
2010 on concern the struggle of European nations to contain budget deficits and
China’s move to discourage lending will slow the
By Chris Fournier “We’ll continue to follow the risk-aversion, risk-appetite
story,” said Bob Block , director of foreign-exchange sales in Toronto at Bank
of Montreal, Canada’s fourth-largest lender. “The Canadian dollar is a currency
that seems to benefit from risk appetite
By Chris Fournier The currency, known as the loonie for the image of the
aquatic bird on the C$1 coin, has declined 1.9 percent against the greenback in
2010 on concern the struggle of European nations to contain budget deficits and
China’s move to discourage lending will slow the
