Risk is on, risk is off. Stocks slump, stocks recover. Dollar win, dollar loses. And in the mid time prices are not that much changed from past week levels, yet gold reached a fresh record high, and holds steady above $ 1600/oz, showing us investors are not willing to risk with currencies right now.
The EUR/USD tug of war seems not going to have a positive outcome for the European currency: early this morning, ECB member Ewald Nowotny suggested the bank may compromise and…Continue
Added by Valeria B Bednarik on July 19, 2011 at 1:48pm — No Comments
Bearish momentum seems to be increasing in the pair, after failing again to ssutain gains above 1.4400; take a look at the 4 hours charts, with indicators heading south, and no bullish strength:
For more details, check my report:
Added by Valeria B Bednarik on May 11, 2011 at 11:20am — No Comments