Monthly archive November, 2012

GBPUSD Daily Chart The sterling's breach above 1.5955 was technically significant as it breached the S1 monthly pivot and the 38.2% retracement from the November 1st high (also was the close low in October). The pair encountered resistance at the 61.8% Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9977.73 9988.6 9972.97 -0.04 41.14% Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains little changed on the day, we’re seeing the greenback threaten the lower bounds of the upward trending channel carried over from the Read More →

Article Summary: The US Dollar has traded to fresh monthly lows against the Euro and other key currencies, while the Japanese Yen trades beyond major support levels. Extremely low forex options market volatility expectations support the case for further JPY Read More →

The prices of gold and silver rallied during last week after they had declined during the previous week. The high volatility of precious metals returned during most of the week. Will this high volatility and upward trend continue on the Read More →

Talking Points Euro: EU Opposes Greece Writedown, ECB Sees Spain Triggering OMT British Pound: BoE’s Miles Maintains Dovish Tone Despite Above-Target Inflation U.S. Dollar: Index Holds Tight Range, Dallas Fed Index On Tap Euro: EU Opposes Greece Writedown, ECB Sees Spain Triggering OMT The Euro Read More →