Fx- Foreign Currency Exchange News: Thursday 6th October, 2011 Overnight in Asia the USD/JPY did not see a lot of movement in Asia, as the market is taking a break from risk off sentiment. As we write the pair is quoted at 76.73 which is 5 pips below its starting price. The Japanese economy contracted [...]
Fx- Foreign Currency Exchange News: Wednesday 28th September, 2011 Overnight in Asia the Euro /USD has broken lower leaving behind the current trend from recent lows at 1.3361. The key support at 1.3555 has been violated making lows of 1.3541 which are currently pulling back at 1.3554. The FED has launched another round of economic [...]
Fx- Foreign Currency Exchange News: Monday 26th September, 2011 Last week saw the Euro/USD come under relentless pressure and sold off its initial, downside target at 1.3428/10 the 50% retracement of the 2010/2011 move. FX experts are expecting the pair to consolidate this week. This morning investors are waiting for the EU leaders to try [...]
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