USDCHF USDCHF closed @ 8705 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 30 pips from Precise Trader’s Sup Tgt 2.   The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to [...]

EURUSD fails to maintain levels above 1.4000 The market is struggling for a clear direction lately resulting in a lot of volatility in recent sessions.  The USD managed to gain some ground yesterday in the US session after traders failed to push the EURUSD above 1.4050 day’s high.  The pair was initially supported with better [...]

EU Morning Report – Dollar weakness across the board as risk appetite soars! The Dollar was sold across the board as demand for the safe haven eased and the market bought stocks and commodities aggressively. Company Earnings were strong but economic data was a little weak with Weekly Jobless Claims at 464k vs. 449k previously. [...]

Markets brace themselves ahead of Ben Bernanke’s speech! The EURUSD yesterday started the session strong as speculation mounted on Ben Bernanke’s testimony today. The talk on the street was of a dovish Ben and a downplay on US economic growth. This helped spark a selloff in the USD and the EURUSD traded to 1.3029 making [...]

EU Morning Report Hypo Real Estate Bank is first to fail EU Stress tests! The EURUSD initially traded from 1.2860 to 1.2992 following strong demand that emerged from Asian central banks and sovereign buyers. This rally took place despite a Moody’s downgrade of Ireland which gave opportunity for many to buy the dips. As the [...]