Forexpros Daily Analysis Dec 29, 2009 Fundamental Analysis: KOF Leading Indicators Traders of CHF await the publication of the KOF Leading Indicators tomorrow (Dec 30).The KoF Leading Indicators Index determines overall economic health by combining 12 indicators...
Market Notes: As we’ll be technical this week, pay attention to these pairs:AUD/JPY- AUD is a strongest currency of the day and JPY is a weakest. The pair has reached its downtrend resistance line. Breaking of 82...
GBP/USD Open 1.6002 High 1.6068 Low 1.5932 Close 1.5999After a week of declining movements Pound/Dollar yesterday showed an increasing momentum and started climbing from the 1.5932 bottom, closing the day at 1.5999. On the 4 hour chart...
USD In very light trading due to Japanese and European holidays, the US Dollar was mixed as investors thought about the future of the Dollar after several weeks of rallies. The prospects for the future of the...
With a slow trading day expected today, investors will likely keep there eyes on the U.S. Dollar and whether it can maintain its recent upswing going into the New Year. Set to be released later today, the...
EUR/USD Open 1.4373 High 1.4412 Low 1.4352 Close 1.4379Euro/Dollar failed to break the key resistance 1.4412 yesterday, and dropped back down to 1.4352. Traders may collect their earnings tomorrow by closing their positions before the long New...
Forexpros Daily Analysis Dec 28, 2009 Fundamental Analysis: CB Consumer Confidence The CB Consumer Confidence report will be published tomorrow (Dec 29).The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading...
GBP/USD Open 1.5958 High 1.6021 Low 1.5924 Close 1.5942In December Pound/Dollar consolidated, forming convergence. Last week the Cable undertook continued descending, but the key support at 1.5924 could not be overcome and the British currency corrected upwards....
Last week’s most significant event was the halt of the Dollar’s bullish trend against the Euro. After the EUR/USD pair dropped over 900 pips, it seems that the bearish correction could be limited. The main question now...
EUR/USD Open 1.4373 High 1.4414 Low 1.4235 Close 1.4383Euro/Dollar made a rising effort last week, from the 1.4235 bottom, reaching a peak at 1.4414, where further bullish momentum was limited, closing the week at 1.4383. This fact...
