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  1. EUR/USD Gains Ground as Summit Decisions Digested

    by , 10-27-2011 at 08:20 AM
    Euro dollar is now trying to break resistance. The EU Summit provided decisions on all fronts, although decisions fell short. The initial reaction was a move upwards, yet with hesitation. Only many hours later, the pair is attempting on a bigger move. Important US figures are coming soon.

    Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

    Read the rest of the article [B][I][URL=""]EUR/USD Gains Ground as Summit Decisions Digested[/URL][/I][/B]
  2. Serious Progress Made in EU Summit – EUR/USD Flirts with 1.40

    by , 10-27-2011 at 02:26 AM
    The leaders of the European Union had a long night, but it was eventually fruitful. The banks agreed on a 50% haircut on Greek debt. Reaching such an agreement was in the works. Will Portugal also get a haircut now? Bank recapitalization and a €1 trillion EFSF were also agreed, although the details are still to be seen.

    EUR-USD is climbing above 1.40 quite slowly. While this round number is watched by many, stronger resistance appears higher.

    Read the rest of the article [B][I][URL=""]Serious Progress Made in EU Summit – EUR/USD Flirts with 1.40[/URL][/I][/B]
  3. ||London Forex Market Call 10-27-11|

    by , 10-26-2011 at 08:04 PM
    Welcome to the London Forex Market Call for October 27th.,2011. GBP/USD: Closes mid-range of an outside trading session as the market honors support and rallies from the Fibonacci 38.2% extension level which resides at 1.5880. Consecutive closes above 1.5990 will keep the bullish posture of the market intact with the Fibonacci 1.0 extension level of 1.6160 as the next upside objective. A close, however, below the October 14th. pivot high of 1.5850 will encourage a wave of selling down to the September 29th. pivot high of 1.5714. The Timing Oscillator is retaining its positive formation despite Wednesdays sell-off suggesting more upside price activity is on the horizon | GOLD: Closes up nearly .7% in New York Trading and above ...
  4. ||New York Forex Market Call 10-26-11|

    by , 10-26-2011 at 10:32 AM
    Welcome to the New York Market Call for October 26th.,2011. DOW: 40 minutes into the open of Wall Street Trading the Dow is off the best levels of the session, but still in positive territory and above the 10 day average which resides at 11,630. Consecutive closes above the 10 day average will keep the bullish posture of the market intact with 12,500 as the next upside objecitve. A close, however, below 11,630 will encourage a wave of selling down to 11,260. Stochastics are recognizing a negative crossover formation in overbought territory suggesting a near term top may be in place | EUR/USD: Trading on the lows of the session in New York Trading, but above the 50 and 10 day averages which values reside at 1.3830 and 1.3820 respectively. ...
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