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EUR/USD Hits 8 Weeks Low and Breaks Major Support

Posted by fxalhabib 262 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: bearish eur/usd dow wave 8 weeks low
EUR/USD hits the 8 weeks low this morning as pessimism continues to build-up for the Eurozone economic recovery. The European Central Bank forecasted[...] read more »
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EUR/USD Breaks Below 1.4000, Trichet Dovish

Posted by fxalhabib 263 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: ecb eur/usd euro trichet dovish dow wave
The EUR/USD broke below the 1.4000 level and hit the 1.3944 low so far. The European Central Bank President Jean-Claude Trichet claimed that a ‘downs[...] read more »
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EUR/USD Under Intense Downside Pressure

Posted by fxalhabib 264 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: bearish eur/usd german downside dow wave
EUR/USD breaks the 1.4054 major support lines and hits the 1.3970 low. The Euro received some relieve this morning by the German Constitutional Court[...] read more »
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SNB Sets a Target of 1.2000 Against the Euro, Sustainable ?

Posted by fxalhabib 265 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: snb swiss target eur/chf dow wave 1.2000
The SNB (Swiss National Bank) made an unexpected announcement this morning by indicating that it will set an exchange rate of 1.2000 against the Euro[...] read more »
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EUR/USD Drops as Debt Crisis Spirals, 25 Days Low

Posted by fxalhabib 266 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: eur/usd debt crisis dow wave 25 days low
EUR/USD breaks the 1.4148 minor support line and drops to the 25 days low, as the Eurozone debt crisis spirals. Concerns over Greece not being able t[...] read more »
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Currency Pair of the Week: EUR/JPY

Posted by fxalhabib 268 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: dow eur/jpy currency pair of the week
The EUR/JPY had a strong bullish swing from September 2010 to April 2011 and it came to an extreme halt after reaching the 123.30 high. So far, the c[...] read more »
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0K Jobs Created, Unemployment Remains Steady at 9.1%

Posted by fxalhabib 269 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: nfp unemployment usd dow wave 0k jobs
The U.S economy created no new jobs in the month of August and the unemployment rate was held at the 9.1% mark. The NFP (Non-Farm Payrolls) report is[...] read more »
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Eurozone Manufacturing PMI Falls to the 49.0 Level

Posted by fxalhabib 270 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: euro dow wave eurozone manufacturing pmi
The Eurozone Manufacturing PMI falls to a 2 years low and hits the 49.0 level. German, the major Eurozone economic driver is too suffering from a slo[...] read more »
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AUD/USD is on a Strong Bullish Swing

Posted by fxalhabib 271 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: aud/usd dollar dow wave bullish swing
AUD/USD had a strong downside retracement, from the 1.1078 resistance to the 0.9926 low. A retracement of 75% on the Fibonacci scale (0.9535 to 1.107[...] read more »
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Weak Italian Bond Auction, Euro Drops

Posted by fxalhabib 272 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: crisis debt euro dow wave italian bond
Weak demand at the Italian bond auction is causing an uproar that the Euro Zone debt crisis is far from being over. Adding more fuel to the fire, we [...] read more »
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Bernanke Speech, EUR/USD Breaks 33 Days High

Posted by fxalhabib 273 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: eur/usd bernanke speech dow wave 33 days
Bernanke speech at Jackson Hole on Friday is putting downside pressure on the Dollar, as the markets open on Monday. Although, the Fed chairman did n[...] read more »
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Currency Pair of the Week: GBP/JPY

Posted by fxalhabib 275 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: gbp/jpy pips currency pair dow wave
A good currency pair to keep the lookout for would be the GBP/JPY. The currency pair have a solid bearish downtrend and it can provide you with a gre[...] read more »
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U.S Economy News a Let Down, Aussie Dollar Bullish

Posted by fxalhabib 276 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: aud/usd down aussie u.s economy dow wave
The U.S economy grew at a slower pace in the 2Q, a disappointing 1.0%. Slower than expected job growth and low consumer spending had a big impact. In[...] read more »
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U.S Dollar Drops Against the Loonie, Unemployment Claims Higher

Posted by fxalhabib 277 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: dollar unemployment usd loonie dow wave
The U.S dollar drops against the Canadian Loonie, as the U.S unemployment claims are higher than expected. Unemployment claims came out at 417K, but [...] read more »
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GBP/USD Trading to the Downside, Risk Appetite Low

Posted by fxalhabib 278 days ago (http://www.fxalhabib.com)
Category: Currencies | Tags: gbp/usd risk appetite downside dow wave
Safe haven currencies are bullish today, as risk appetite is down. GBP/USD has been trading on the downside, since reaching the 1.6615 high. In this [...] read more »
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