EUR/USD Technical Analysis for April 28, 2011
The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the...
Author: ForexMansion.com
USD/CHF Technical Analysis April 27, 2011
The USD/CHF market fell today, breaking to all-time lows as it broke below the 0.88 mark, an area that was once almost impenetrable – at least last week. The pair looks weak, and selling is the only...
EUR/USD Technical Analysis April 27, 2011
The EUR/USD Rose today, firmly suggesting that the 1.45 area is going to be supportive. Because of this, buying is still the only way to go in this pair as we are making new highs again. Selling...
USD/JPY Technical Analysis April 27, 2011
The USD/JPY is currently testing the 80-81.50 area, which has been support several times over the last year or so. This pair was directly intervened by 6 central banks recently, so selling is very risky. If we...
EUR/USD Daily Fundamental Analysis for April 27, 2011
With the return on investors from a long Easter Holiday in Europe the EUR/USD started to price the outlook for the FOMC meeting the rate differentials between the European Central Bank and the Federal Reserve.
GBP/USD Daily Fundamental Analysis for April 27, 2011
Today, the pair is expected to witness some strong movements at the time of the announcement of the British GDP data first and may be after the FOMC meeting if it signaled any surprising change in monetary...
USD/CHF Daily Fundamental Analysis for April 27, 2011
The Swiss economy lacks fundamentals today, which means that the pair’s movement will be affected by US data. As of 12:30 GMT, the US will release durable goods orders for March with expectations showing improvement to 1.5%...
USD/CAD Daily Fundamental Analysis for April 27, 2011
The USD/CAD pair declined on Tuesday, where strong earnings U.S. companies in addition to rising consumer confidence boosted confidence in financial markets, and accordingly, investors targeted higher yielding assets including the Canadian dollar, while oil prices also...
AUD/USD Technical Analysis April 26, 2011
The AUD/USD pair fell today, but has found the 1.07 area as supportive for the moment. Although this is a good sign, this pair desperately needs a pullback, and today was the first sign of one. If...
USD/JPY Fundamental Analysis for April 27, 2011
The USD/JPY pair dropped to reach a new one month low, the Japanese currency saw heavy demand since the beginning of the week supported by the absence of fundamentals from major economies and high volatility ahead of...