Commodity currencies rallied today with the AUD gaining 1.03% on the Greenback while the Pound gave up nearly 3/10th of a percent. The EUR and CHF were basically flat on the day. Speculation in the market about...
USD/JPY: Fibonacci tools never cease to amaze me. The question becomes do they predict or become a self fulfilling prophecy? In the end it may not matter. What does matter is that Fibonacci tools assist traders in...
GBP/USD Open 1.6453 High 1.6726 Low 1.6271 Close 1.6438Pound/Dollar traded indecisively on Monday, climbing up first to 1.6593 top, from where it started dropping down to 1.6389 bottom, closing the day at 1.6438. On the 3 hour...
USD The US Dollar gingerly retreated from recent gains after comments from the United Arab Emirates soothed loan default concerns, taking away for now, the flow of safe-haven funds. The UAE’s Central Bank said on Monday that...
The Dollar declined slightly against most rivals in today’s early trading, as concerns over Dubai’s debt repayment problems eased, boosting demand for higher yielding currencies and commodities.
EUR/USD Open 1.5031 High 1.5081 Low 1.4969 Close 1.5004After the huge rise at the beginning of last week to the new peak at 1.5145, Euro/Dollar lost all gains in the second half of the week, dropping down...
It was a mixed day for the Global Equity Markets on Friday following Dubai’s debt default announcement the day before. The markets in Asia continued to sell off while in Europe they apparently felt the exposure was...
Moving Averages – they are not so averageEUR/USD and USD/CHFOn Thursday of last week we saw the EUR and CHF finally break near term resistance. The EUR cleanly sliced through 1.50 and took out near term resistance...
Forexpros Daily Analysis Nov 30, 2009 ISM Manufacturing Index The U.S. Institute of Supply Management (ISM) will publish its monthly Manufacturing Index tomorrow (Dec 1).
USD/JPY Open 85.10 High 87.46 Low 84.89 Close 86.52On Thursday Dollar/Yen continued the downward movement, reaching a bottom at 84.89, and closing the day at 86.52. Of the 3 hour chart the currency couple broke down the...
