Saturday September 18, 2010 - 01:42:42 GMT
Share This Story
Forex Hound - www.forexhound.com
Irish Debt Worries Trigger Break in Risk Currencies
Worries that Irish financial woes may mean that the country
will have to seek outside help, pressured equity markets today, leading to a
drop in demand for high risk currencies.
Early in the session, U.S. equity market were breaking
out to the upside, helping to drag up the AUD USD. Traders seemed cautious
about the move, so when the news hit about Irelandâ€™s trouble, investors were
more than willing to pare their long positions.
The closing price reversal top formation in the AUD USD
suggests the start of a 2 to 3 day break. The most likely target is the 50%
level of the .8770 to .9467 range at .9118.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."