Saturday 19 January 2013

yen remains under strong pressure next week

forex Pivot point - yen remains under strong pressure next week : The yen remains under strong pressure and is currently testing the critical 90 level. The downward spiral could continue into next week, as Prime Minister Abe has been continually talking about lowering the currency’s value and has been leaning on the Bank of Japan to implement further easing steps which will push the yen down even further.

Wednesday 5 December 2012

EUR/USD down Eurozone retail sales report dec 5 2012

forex trading outlook today- EUR/USD down Eurozone retail sales report dec 5 2012 : Euro-zone retail sales decline 1.2% in October, worse than expected -> Lower sales possibly suggest a contraction in Q4 economy -> Euro remains below 1.3100