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As the British pound has remained under pressure, suggesting recent decline is still in progress and weakness towards 1.5105/10 (approx. 50% projection of 1.6277 to 1.5345 measuring from 1.5575) cannot be ruled out, however, loss of near term downward momentum should prevent sharp fall below there today and reckon 1.5087…
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As the British pound has remained under pressure, suggesting recent decline is still in progress and weakness towards 1.5105/10 (approx. 50% projection of 1.6277 to 1.5345 measuring from 1.5575) cannot be ruled out, however, loss of near term downward momentum should prevent sharp fall below there today and reckon 1.5087…
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The Polish currency fell versus most of the main currencies from outside the European Union as the emerging budget problems in the region and an economic slow down among its trading partners decreased appetite for assets in the country.(…)Read the rest of Polish Zloty Down on European Confidence Decline (64 words) Posted on Forex News.
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The retreat from 1.5816 turned out to be stronger than expected, however, lack of follow through selling on intra-day breach of 1.5560 support, the recovery from 1.5557 suggests further consolidation would be seen and above the convergence of the Tenkan-Sen and Kijun-Sen (now both at 1.5687) would bring another corrective…
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USD/CAD’s sharp fall from 1.0779 extended further to as low as 1.0411 in early US session. The strong break of 61.8% retracement of 1.0223 to 1.0779 at 1.0435 argues that whole rise from 1.0233 should have completed. Fall from 1.0779 is either start of a new down trend or part…
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After several weeks dropping on high risk aversion, the Brazilian real benefited from positive news this week coming from North America and Europe, attracting investors back to emerging markets, allowing more attractive riskier assets in Brazil to force the nation’s currency up in foreign-exchange markets.(…)Read the rest of Brazilian Real Posts Weekly Rebound on Optimism (72 words) Posted on Forex News.
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Although the British pound has retreated from 1.5742 (met renewed selling exactly at the Ichimoku cloud bottom) in tandem with euro, a breach of recent low at 1.5535 is needed to confirm recent decline has resumed and extend weakness to 1.5500, however, loss of near term downward momentum should prevent…
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Despite intra-day brief bounce to 1.5766, the British pound ran into heavy selling pressure there and slipped quickly, suggesting recent decline has resumed and break of support at 1.5535 would extend weakness to 1.5500, however, loss of near term downward momentum should prevent sharp fall below 1.5450 and reckon 1.5412…
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The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding Europe’s rising budget deficit eased slightly today.(…)Read the rest of Crude Oil Advance Favors Norway’s Krone (84 words) Posted on Forex News.
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