Chart of the Day – EUR/GBP
(Chart courtesy of FX Solutions’ FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.) 9/30/2009 – EUR/GBP – Price action on EUR/GBP, a daily chart of which is shown, has made a minor bearish correction within a steep overall uptrend. This occurs after price hit an approximate 6-month high around 0.9300 with a clear shooting star candle (a
U.S. Update: Lots of things going on
What happened No doubts, lots of things are going on in markets this end of September. Despite usually we have quiet days by the end of the month, markets are far from quiet. Asian session, dollar fell across the board, mounted on a strong recovery in gold prices, and U.S. futures, along with local shares market. Dollar fell to intraday lows of 1.6110 against GBP and 1.4680 against EUR, bringing back to markets optimism on global economic recovery. Gold regained the 1.000/oz level, and