The Producer Price Index (PPI) is expected to be the main driver of USD trading for Tuesday. The other major releases from the U.S. that forex traders are advised to follow are the TIC Long-Term Purchases, Core...
USD The dollar fell across the board on Monday although it recovered some after the US Federal Reserve Chairman, Ben Bernanke, commented that the Fed was keeping its eye on the fluctuation in the Dollar soothing...
Forexpros Daily Analysis Nov. 16, 2009 Fundamental Analysis, Canada • Monday: Manufacturing Sales MoM (Previous -2.1%, Expected 1.6%) • Wednesday: CPI MoM (Previous 0.0%, Expected 0.1%) & YoY (Previous -0.9%, Expected 0.3%). Core CPI MoM (Previous 0.3%,...
EUR/USD: The EUR continues to struggle to break the 1.50 handle. Last week, the EUR on a daily chart, completed the formation of a double top just above resistance at 1.50 [shown in the red boxes in...
The Dollar ended the week mixed across the G-10 with commodity currencies advancing while the remaining G-10 currencies suffered minor losses. Global Equity Markets finished the week in positive territory although Futures are pointing towards a slightly...
The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main...
USD A spate of negative data on consumer confidence and trade gaps took the thunder out of a two day Dollar rally on Friday and brought the bears back to the US currency in a broad day...
USD/JPY Open 90.28 High 90.58 Low 89.63 Close 90.36 On Thursday Dollar/Yen traded hesitantly, rising in the second half of the day as Dollar gained across the board. After quotes made unconvincing break down of 89.30 on...
A double top may be in place, with AUDUSD showing an Advance Block bearish reversal candlestick pattern below resistance at 0.9334. Dramatic negative RSI divergence bolsters a bias favoring the downside. That said, the Australian Dollar has...
GBP/USD Open 1.6587 High 1.6687 Low 1.6516 Close 1.6575 Pound/Dollar made a significant downward movement on Thursday, from 1.6620 top to the 1.6515 bottom, closing the day at 1.6575. However, the upward channel remains unbroken. Although deep...
