The U.S. and Japanese currencies are likely to keep drawing demand as investors stay away from higher-yielding currencies such as the AUD, analysts said. The Yen rallied against Sterling and the Australian and New Zealand dollars, which...
The European single currency came crashing on Tuesday after data showed the Euro-Zone economy recorded its deepest ever quarterly fall in the 4-quarter of 2008. As a result, the currency market moved back to the U.S currency...
Today’s US Dollar Trading • USD reverses off lows to make highs in New York• Majors respect existing S/R, stops in range drive most action• Volumes lighter with most action ahead of the London fix
Week Summary EURUSD has moved up into a new range within its 4 hourly chart between 1.2695 – 1.3671. It has tested support level at its 50% fib (1.3183). The 4 hourly trend is up, so we...
Last week’s release of negative employment data from the United States has many forex traders running from the USD. With a rally taking place among Euro-Zone currencies, as well as the price of Crude Oil, there appears...
A surprise 25 point basis point Interest Rate cut by the ECB is being digested by the currency markets. But traders won’t have much time to pause as the high impact Non-Farm Employment numbers are released later...
Market participants are eagerly awaiting key data pieces due be released today. The European Central Bank is expected to cut Interest Rates by 50 basis points and weekly U.S. unemployment numbers are predicted to be high. These...
Today’s US Dollar Trading • USD extends ranges in some pairs, volumes light after fix• Majors hold important S/R• Stops likely waiting on either side of the market
Today’s US Dollar Trading • USD ends mixed, S/R holds in two-way action• Stops noted in both directions intraday• Traders on G-20 watch ahead of ECB Thursday
The beginning of a new month always precedes 2 important events in the forex market: the release of immensely important U.S. economic data and an influx of trading after workers receive monthly salaries. Kicking off the month...
