Posts Tagged ‘Range’
Japanese Yen Eyes 2010 Highs (USD/JPY Lows), Australian Dollar Tests 2011 Range
Japanese Yen Eyes 2010 Highs (USD/JPY Lows), Australian Dollar Tests 2011 Range
The near-term rally in the Japanese Yen gathered pace on Tuesday, with the USD/JPY falling back to a low of 80.73, while the Australian dollar extended the decline from the previous day as the flight to safety gathered pace.
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GBP/JPY Challenges Range Bound, Potential for Reversal
The GBP/JPY finds itself in a steep bearish trend as U.K. growth and European debt concerns have sunk the pound. The New Year will bring harsher austerity measures from the coalition government with the potential to derail the country’s recovery.
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EUR/GBP Range Draws Attention During Holiday Trading
The EUR/GBP has settled into a short-term range as neither European currency can gain traction with the issues in Ireland weighing on both. The Euro has been more sensitive as there are greater risks that the debt s issues will spread to Spain and Portugal.
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EURUSD: Key Range Bottom in Play
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EUR/GBP Range Provides Bearish Opportunity
The EUR/GBP rose for a second day as the outlook for the Euro-Zone has brightened considerably. A bailout package for Ireland and an aggressive ECB is helping calm fears that he debt crisis could become a broader contagion.
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