Asia Session
Dollar and Yen gains from late last week that were due to the possibility of Dubai defaulting on up to 80 billion in loans were chopped down today as traders felt more confident that the issue was under control. The first minutes of the week were an indication of the volatility and indecision to come as some yen based pairs spanned up to 90 pips within the first moments of trading. Comments out of the United Arab Emirates Central Bank helped to sooth fears as they stated that they stood behind
GBPUSD: Halts Declines, Prints Hammer Candle
In This Issue: GBPUSD: Halts Declines, Prints Hammer Candle – The pair halted its declines triggered off its Nov 16’09 high at 1.6875 on Friday after reversing an intra day weakness from the 1.6267 level… EURUSD: Closes Higher On Shooting Star Candle Formation – With a loss of upside momentum and its subsequent collapse through a layer of key supports seen EUR testing a low of 1.4827 level EURUSD EURUSD: Closes Higher On Shooting Star Candle Formation EURUSD – With a loss of upside momentum