Industry News
Forex Market Commentary May 10th 2011
Date Posted: 2011-05-09
Source: http://
Forex Market Commentary---After significant correctional sell offs on most currency pairs, the Market tis in a small limbo waiting for breaks above and below previous highs and lows before trade positions will be revealed, Long or Short. Be very careful taking any position before this confirmation. If and when the Market determines to make the full break back up to higher ground, it will probably be with higher volume and happen quickly. The Market might come down a little ....
Euro zone debt dominates, commodities rebound
Date Posted: 2011-05-09
Source: http://www.reuters.com/article/2011/05/09/us-markets-global-idUSTRE71H0EB20110509
By Jeremy Gaunt, European Investment Correspondent LONDON | Mon May 9, 2011 4:34am EDT Concern about plans for a fundamental review of the bailouts given to Europe's high debtors dominated debt markets on Monday although the euro itself rose, rebounding from recent sharp losses. Europe stocks recovered from early losses and commodity prices firmed, bouncing back from their biggest weekly drop since 2008 as the dollar eased back. Focus in Europe was on the state of debt in the euro zone....
Forex Market Commentary May 06th 2011
Date Posted: 2011-05-06
Source: http://
Forex Market Commentary--- JPY cross currency have been selling off in wave 5 of C in an a,b,c pattern through the Frankfurt and London sessions and are ready for the wave 4 of the 3 a C. USD/CHF finished its wave 5 downward and has turned back up-ward, opposite the EUR/USD and GBP/USD pairs that have sold off. USD/CAD and USD/JPY are correlated with the USD/CHF for now. ....
Forex Market Commentary May 05th 2011
Date Posted: 2011-05-04
Source: http://
Forex Market Commentary---We are now in the wave 4 following the wave 3 that was spoken of in yesterday’s Market Commentary. Now the challenge will be to determine the depth of the wave C of this wave 4 on the GBP/USD. EUR/USD is likely in a complex corrective sideways ranging pattern. I may be about to complete a second X-wave and reverse for the third a,b,c down turn before resuming its general up-trend. JPY cross currency pairs are in their wave 4 and so....
