June 23rd, 2009 14:42:13 GMT

Stocks, oil turn south

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The reflation trade has not been particularly strong today but share prices in the US and oil were higher on the day as EUR/USD rose. Now those markets have turned lower and they seem to be undermining EUR/USD just a … Continue reading

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June 23rd, 2009 14:32:14 GMT

Is it just me…

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Or are usually reliable chart patterns working less reliably than in the past? To be sure, charts are far from fool-proof but they tend to get it right more often than not. Lately though, major patterns in EUR/USD (a well-advertised … Continue reading

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June 23rd, 2009 14:12:11 GMT

EUR/USD triggers stops after data

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Now that the economic data is out of the way, dealers have returned to selling dollars. There was nothing particularly bearish in the data; it is just that the event risk is passed and traders can do what traders do.Stops … Continue reading

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June 23rd, 2009 13:39:33 GMT

ECB’s Nowotny: Worst is over

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The worst is behind the financial markets and economic contraction should come to an end next year, Austrian central banker Nowotny says. EUR/USD is consolidating gains at 1.4005 having traded as high as 1.4025.

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