On the Forex Market the Dollar
index lost its strength during the session, as investors rushed back
into riskier assets. While there weren’t any major moves on the FX front, currency pairs continued to linger around critical levels, showing potential breakouts.
Over the last couple of weeks, the Euro and the Pound
have received a major boost as a higher equity markets have boosted
confidence among investors. While both economies are still showing a
dire situation, recent bank statements are mentioning that 2010 could
present a completely different picture.
While both the economies seem to be dealing with never ending problems, the Pound
has strengthened the most over the last couple of week despite a lower
yielding return. When observing the relative strength between the two,
one can see that the Pound has gained more in real value compared to
the Euro. From a trading point of view the EUR/GBP has dropped by an
enormous rate and is now trading on major support of 0.8740. One must
note that a clear break is required for short positions, especially as
the price pattern presented a false in the past.
Read the full articl at dodjit.com
*courtesy of netdania.com
index lost its strength during the session, as investors rushed back
into riskier assets. While there weren’t any major moves on the FX front, currency pairs continued to linger around critical levels, showing potential breakouts.
Over the last couple of weeks, the Euro and the Pound
have received a major boost as a higher equity markets have boosted
confidence among investors. While both economies are still showing a
dire situation, recent bank statements are mentioning that 2010 could
present a completely different picture.
While both the economies seem to be dealing with never ending problems, the Pound
has strengthened the most over the last couple of week despite a lower
yielding return. When observing the relative strength between the two,
one can see that the Pound has gained more in real value compared to
the Euro. From a trading point of view the EUR/GBP has dropped by an
enormous rate and is now trading on major support of 0.8740. One must
note that a clear break is required for short positions, especially as
the price pattern presented a false in the past.
Read the full articl at dodjit.com
*courtesy of netdania.com
