Recap: The EUR/USD slid below 1.3350 in today’s trading continuing its decline from the beginning of the week, while the EUR/JPY was testing the 125 support level. The Pound and Aussie consolidated in today’s trading, while the Canadian Dollar gave back some recent gains after touching 0.9750 against the greenback. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
Recap: The Aussie pushed to its highest level against the US Dollar since mid-January as the RBA hiked rates to 4.25%. Greek bonds and credit default swaps came under renewed pressure following the return of European traders from holiday and the EUR/USD fell to the 1.3350 area. The USD/CAD hit parity, the USD/JPY receded on lower US Treasury yields, and the GBP/USD managed to win back its losses from the overnight session. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
Forex Technical Update 8/17/2010 FXTimes Fan Yang, CTA The USD is in mixed trading today. The EUR/USD strengthened slightly while the GBP/USD slid, but still remains in consolidation. The USD/JPY is following our bullish count scenario so far and we will get a very important clue today. The USD/CAD is declining after testing resistance. Finally I will follow up on the EUR/GBP, which is in a strong pullback that is challenging my bearish outlook.