Global Equities Market futures are pointing slightly higher for Wednesday’s open. The DJIA finished lower after a mixed day on Wall Street, losing 17.24 points to close at 10,433.71.
Monthly Archives: November 2009
EUR/USD Will Fall to it’s New 1.5000 Support Level
With the Bollinger Bands, Full Stochastics, StochRSI and RSI saying the same thing on the one day EUR/USD chart, it seems like that pair is due for a retracement after yesterday’s jump over the 1.5000 hurdle.
EURUSD Bulls with Better Oppurtunities
EURUSD bulls have shown their strong strength by reaching resistance level, a breakout of resistance can influence bears to surrender for a while and bulls have opened road. For now, bulls still have better opportunities.
EUR, GBP and AUD Support and Resistance
As the market continues its sideways movement it is a good idea to keep cognizant of important key levels of S&R as well as the 50 SMA and 100 SMA. When markets move sideways for an extended period of time ensuing price action on a breach of major S&R or an MA can be quick, therefore you want to be in a position to execute.
Japanese Yen Hits 14-Year Peak against Weakening U.S. Dollar
Investor speculation that Japan’s central bankers will permit the continued appreciation of the Japanese Yen led to that currency’s 14-year peak against the U.S. Dollar in trading in Asia.