EURUSD stays positive, however bulls are struggling to reach new highs, resistance level stays still active. However, further jumping is expected, but while support line holds – bulls have chances to recover. For now waiting is better option.
Japanese Yen Firms on Mixed Chinese Data
The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China.
US Plans To Dismantle Banking Giants
In a move which would make the blood of any true free-marketeer run cold, a key US House of Representatives committee has voted to give government the power to order that large banks be split up.
U.S. Dollar Nears 15-month Troughs versus High yielding Currencies
In Asian trading, the U.S. Dollar Index approached a new 15-month low versus a group of six major currencies.
EUR/USD’s Technicals Tell Nothing for the 19th
Price action on the daily chairts for the EUR/USD is not revealing anything. The Unemployment Claims news should get things moving on the 19th though. The forecast for those claims is not looking good for the dollar.