November 2007 Monthly Archive
This pair has been climbing steadily as the market believes the Fed will cut rates again due to a weakening US economy. But its failure to break above the 1.49 handle has me thinking a correction might be in the works. … More…
Posted 22:56 27 November 2007 by forexninja
The buck seems to have found support close to 1.12 against the Swiss franc. This pair has been in strong downtrend lately due to the aggressive scaling back of high-yield and carry trade positions over fears of slowing global economic growth.… More…
Posted 17:10 13 November 2007 by forexninja
This pair dropped like a rock last week due to global risk aversion mainly due to the fact that US financial firms keep announcing ginormous credit-related losses. Will momentum continue to drive the pair lower or is this merely a panic sell-off?… More…
Posted 14:18 12 November 2007 by forexninja
This pair attempted to reach 2.09 and got very close before sellers pulled it back down to 2.08. Traders are salivating the 2.10 level against the dollar, but it is very difficult to justify buying the pound at current levels given the negative economic outlook.… More…
Posted 12:20 05 November 2007 by forexninja
The buck seems to have found support close to 1.12 against the Swiss franc. This pair has been in strong downtrend lately due to the aggressive scaling back of high-yield and carry trade positions over fears of slowing global economic growth.… More…
Posted 17:10 13 November 2007 by forexninja
This pair dropped like a rock last week due to global risk aversion mainly due to the fact that US financial firms keep announcing ginormous credit-related losses. Will momentum continue to drive the pair lower or is this merely a panic sell-off?… More…
Posted 14:18 12 November 2007 by forexninja
This pair attempted to reach 2.09 and got very close before sellers pulled it back down to 2.08. Traders are salivating the 2.10 level against the dollar, but it is very difficult to justify buying the pound at current levels given the negative economic outlook.… More…
Posted 12:20 05 November 2007 by forexninja