Tag Archives: Dollar

Euro’s Twists and Turns: What’s Next for the Currency?

November 15, 2010 – 4:37 pm
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EWI’s FOREX FreeWeek is now on: Get charts, analysis and forecasts for the Dollar, Euro, Yen and more

November 11, 2010 – 12:38 pm

If you trade binary currency options, this is a great opportunity for you… Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you. You can access [...]

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EUR/USD Moves Up to a 3 Month High

August 2, 2010 – 8:35 am

The Euro is picking up momentum, and after having remained trading sideways above 1.3055 during European trade, the pair has broken past session high, to test 1.3095/1.3105 resistance area. If the pair manages to break above 1.3105 (session high/Jul 29 high), next resistance levels could be at 1.3140 and 1.3180.  On the downside, support levels [...]

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Oil Below $72 Per Barrel

July 7, 2010 – 7:56 am

Crude prices fell below $72 on Wednesday on a slightly stronger U.S. dollar, reversing earlier gains of as much as 0.6 percent boosted by forecasts of a second weekly fall in U.S. inventories. Prices tracked volatile equities in the past two days, paring gains on Tuesday after a report from the Institute for Supply Management [...]

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Weekly Market Recap 06/28/10

June 28, 2010 – 8:48 am

U.S. stocks lower for the week Bank stocks surged Friday, boosted by relief over a deal on new financial-regulation overhaul, but the gains failed to wipe out more than a fraction of the broader market’s heavy losses for the week. A flurry of conflicting economic data left the benchmark indexes mixed. U.S. dollar falls for [...]

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Prechter on Yahoo! Finance: “Even $1 Trillion Can’t Save the Euro, But Gold is No Safe Haven”

June 4, 2010 – 4:21 pm

The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the second excerpt from Robert Prechter’s May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task to [...]

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Could the Euro Drop to $1.03?

May 12, 2010 – 7:19 am

There is a strong technical argument that if the Euro falls below $1.19, it could quickly fall to the next support level of $1.03. From a charting perspective this calls for a monthly chart of the euro-dollar, where each candle (shown in the graphic on the left) represents a month of trading. The advantage this [...]

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