| Dollar Bear Boat Too Full (Daily FX) The technical picture continues to deteriorate for the dollar's competitors. Waning momentum at recent price extremes is just one sign that a turn is near. Resistance from measured levels and resistance lines as well as wave count implications all require that we respect the potential for a reversal. us.rd.yahoo.com |
Dollar gains as US earnings temper recovery hopes (AP) Dollar momentum continued Friday as more disappointing earnings signaled to investors that the economic recovery will likely be muted. us.rd.yahoo.com |
British Pound / US Dollar (Daily FX) Price action in the GBPUSD since mid October may be carving out a head and shoulders top. us.rd.yahoo.com |
USd/JPY Classical (Daily FX) USD/JPY: Despite the latest bounce, the pair still remains confined to a very strong downtrend and any rallies are seen limited, in favor of a bearish resumption. Look for any additional rallies to stall out ahead of 92.00, with only a break and close back above 92.35 to delay outlook and give reason for re-think. us.rd.yahoo.com |
Euro Holds Steady Ahead of FOMC Rate Decision, British Pound Advances as BoE Holds Hawkish Outlook (Daily FX) The Euro bounced back from the low to remain little changed on the day, and the EUR/USD could face increased volatility over the next 12 hours of trading as the Federal Open Market Committee is scheduled to announce its interest rate decision at 19:15 GMT. us.rd.yahoo.com |