Category: Daily Forex Reports

The EUR/GBP rolls back from Fibonacci correction level 50.0. Nevertheless, it is expected that soon the pair will test the resistance level of 0.9160, where Fibonacci correction level 61.8 is placed.

USD/JPY:For quite a long period, and until the 25-10-2010 session, the evolution of the pair was clearly downward. Two sessions ago, the support of 80.86 was tested.NZD/USD:For several sessions already, the pair is navigating between 0.7550 and...

ForexPros Daily News October 27, 2010 Forex – EUR/USD tumbles to 5-day low on Fed easing doubts Forex Pros – The euro was down against the U.S. dollar on Wednesday, tumbling to a 5-day low after signs...

In a sudden shift the USD gained ground against the EUR on Tuesday while suddenly losing momentum against the GBP. Better than anticipated CB Consumer Confidence numbers were seen, but they were hardly earth shattering. Also the...

The U.S. dollar gained against most of its major rivals yesterday, for the first time in three days. The dollar’s recovery came due to speculations that the Federal Reserve will increase debt purchases.

Market Review – 26/10/2010 22:48 GMTDollar surges against yen on speculation of BOJ’s interventionThe greenback rallied against yen on Tuesday as Japanese Finance Minister said yen’s movement seemed one-sided and warned authorities might weaken yen’s strength. Dollar...

ForexPros Daily News October 26, 2010 Forex – GBP/USD soars to 4-day high after upbeat U.K. GDP data Forex Pros – The pound was up against the U.S. dollar on Tuesday, soaring to a 4-day high after...

EUR/USD: The pair started to increase after a few downtrend oriented sessions. However, a vain breach of the resistance 1.4011 occurred and the pair started to decrease back. AUD/JPY:After several weeks without any specific orientation, the pair...

The USD had a repeat performance on Monday basically copying its range trading that took place before going into the weekend. The USD has gained slightly against the GBP, but continues to struggle against the EUR and...