The Swedish krona continues to weaken as the USD/SEK breaks higher above its 2-year downtrend. Barring any surprises today the USD/SEK looks poised to close on a weekly basis above the downward sloping trend line from February 2009. The pair will encounter initial resistance at the September high of 6.9915, followed by the November 2010…
The USD continues to strengthen and shows little signs of slowing in this risk off environment. EUR/USD There is a bullish wedge pattern that has formed on the EUR/USD daily chart. The falling resistance line is off of the October high and the support line…
The EUR is down 3.5% versus the USD since Tuesday’s high. This morning the EUR/USD briefly tested 1.35. The big round number is a key psychological level, but trying to pick a bottom in the latest EUR slide is like trying to catch a falling…
We are pleased to announce the latest sports triumph of Apollon Limassol with the sponsorship of XEMarkets. As an essential part of social responsibility, XEMarkets has already initiated several successful…
The British pound was the biggest mover in the European Session on Tuesday after weaker-than-expected UK inflation data. Sterling fell to a seven -week low against the dollar after the…
Sterling fell against most major counterparts on Tuesday after the release of UK inflation data. Both consumer and producer price inflation (CPI and PPI) dropped more than had been forecast…
