Can the Euro Extend its Gains
The Euro staged a very strong rally against the US dollar today after quietly selling off for the past 3 days. The move was due almost entirely to the...
US Consumer Confidence Pushes USDJPY Back Below 105
For the past 2 trading days, USDJPY has been flirting with the 105 price level. The currency pair finally caved after the much weaker than expected consumer...
British Pound: Strength to be Tested
The recent strength of the British pound will be tested next week by the busy economic calendar. After hitting an intraday low of 1.9363 earlier this week,...
British Pound in Early Stages of Large Bull Move
Once the darling of directional speculators, the British Pound has traded sideways in 2008. However, a big move is brewing. Technical factors indicate...
Australian Dollar Technical Outlook
We moved risk to a very tight level yesterday mentioning that "we have moved risk to such a tight level because very short term, the advance from .9290...