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Currency PairsWeek ending 15 May 2009, Consolidation continued amongst many currency pairs as U.S. retail sales forced economic reality into financial markets, although US TIC flows and Japanese government figures confirm international funds moving from flight-to-quality bonds into equities.
Australia’s April NAB business confidence fell to −14 while current business conditions improved to −10. March home loans [...]
It’s been said before that different currency pairs have individual characteristics, rather like personalities, and that each must be individually studied and analysed to be traded profitably. At this time, near the close of a momentous forex trading year, that’s even more true than normal.
Although this spring’s massive sell-off, dominating markets from mid-September to early [...]
Between November 2007 and February 2008, EUR/USD consolidated within a range between roughly 1.4330 and 1.5000, before breaking through resistance on 27 February and reaching for new highs. Within five weeks, it bounced off resistance at 1.6000 and entered another consolidation range, between that level and 1.5285, where it has remained ever since.
This is best [...]
