The “official” rhetoric regarding the possible appreciation of the Chinese Yuan continues while market players’ belief of the same receded.
Monthly Archives: November 2009
Easy Forex
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U.S. Dollar Holds onto Gains on Profit-taking
As reported at 10:23 am in Sydney, the U.S. Dollar held onto small gains in Friday’s Asian trading following another round of investor profit-taking.
EUR/USD’s Price Action Reveals it’s Intentions when it’s Technicals are Mute
Recent one day chart price action for the EUR/USD has show the pair has a affinity for the 1.4920 area. With no hard hitting news for this pair on November 20th the EUR/USD is likely to stay surely under the 1.5000 line.
EURUSD Bears and Bulls Calmed Down
EURUSD bears and bulls calmed down, at the moment situation is very silent with low movements. However, according to bulls activity, they do struggle to reach resistance level. For now waiting action remains for this pair.