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Forex News Archive
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Global Markets Signal Imminent Greek Departure From Euro Zone
Posted on May 16, 2012 | No CommentsFollow us The euro, meanwhile, was falling toward $1.27. In London, the head of Britain’s central bank warned Wednesday that the euro zone was “tearing itself apart” and the U.K.... -
Euro Plunges On Expectations Greece Will Leave Euro Zone
Posted on May 16, 2012 | No Comments“Markets have a diminishing appetite for risk, which is pressuring the euro. The risk of Greece leaving the euro region has got bigger, and there’s growing concern about a bank... -
USD/CAD Breaks Key Resistance Opening Up the 1.30 Handle
Posted on May 16, 2012 | No CommentsThe USD/CAD finally breaks above the 1.0050-1.0060 resistance, suggesting a bullish trend developing after a period of sideways trading below 1.0050. Looking at the 1H chart we see that the previous resistance is... -
USD/JPY Breaks Above Channel Resistance; Trades at May High
Posted on May 16, 2012 | No CommentsFollow us Above this pivot, some resistance can be expected near 81.00, and then again at 81.78. If we do extend our corrective rally, which can be confirmed by holding above...