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Overall, the market stayed in a strong risk-aversion mode in Friday morning trade, something that sent the majors pairs lower at a very strong pace. Shortly after the opening of the European session, the majors pairs managed to set a bottom and retrace a part of the selling seen earlier…

The USD is trading higher as stocks plunge on fears about a Dubai debt crisis, Dubai World has requested a six-month delay on its debt payments generating concern about a new global financial crisis, Japan warns on FX moves and said that Japan would be open to a joint G-7…

The Nikkei fell more than 3% to a four month low mianly on concerns over debt problems in Dubai. The 296 point drop brought the markt down to 9086.74. Eur/Usd tested session lows of 1.4901 at time of close and has rebounded 20 pips , trading at 1.4925. Usd/Jpy dipped below 86.00.

Having broken through the 1.5062/82 levels to close higher at the 1.5143 on Wednesday, EUR failed to sustain those gains on Thursday turning back lower to close at 1.5017 at the end of the session. It was seen following through lower in early trading today leaving risk towards its LT…

The pair is on its way to a second-week of downside losses following its failure at the 0.9404 level and Thursday break and hold below its longer term rising trendline initiated from the 0.6303 level. The damage done with the loss of its longer term trendline has put a temporary…

The false break of the sideways formation in a period of low liquidity, combined with a reversal candle in the daily chart above the Bollinger Bands, indicate that the downward move is likely to continue.

As we mentioned in our analysis, yesterday, higher target would only be valid if retracements…

Dear reader, the U.S. markets today are open after they were closed for Thanksgiving Holiday yesterday. The U.S. economy is suffering the blues of the economic recession that was a result of the sub-prime mortgage which spilled over into the world, negatively impacting major economies, and the news this week…

The USD/JPY has captured headlines in the FX markets after the currency pair tumbled beneath October lows and continued to head south before bottoming just below the psychological 85 level. As we cautioned previously, a movement below our past 1st tier uptrend line could result in an ensuing selloff, and…

Volatility has picked up more than investors may have expected with a holiday shortened week in the U.S. The Cable has dropped to the 1.63 area after sinking below our previous 2nd tier uptrend line. However, the Cable is presently finding some support at previous November lows as U.S. markets…

The EUR/USD is tumbling towards 11/20 lows after breaking through October lows and surging towards 1.5140. Today?s whipsaw movement comes in reaction to a broad-based exit from the risk trade in reaction to news from Dubai. As most investors know by now, Dubai World is requesting a debt restructuring of…