Forexpros.com Daily Analysis – 24/09/2009

by forexpros.com | September 24, 2009 9:35 am
Forexpros Daily Analysis Sep 24, 2009 Euro Dollar As all other majors, the Euro dropped significantly after the Fed, and went back to 1.4685, but it stood its ground and spent the whole Asian session above 1.47....

GBP/USD 1.6275 – 24 September 2009

by ForexCycle.com | September 24, 2009 8:11 am
GBP/USD Open 1.6331 High 1.6452 Low 1.6263 Close 1.6343 Pound/Dollar traded with volatility on Wednesday. The Cable tried to climb, reaching a peak at 1.6452, where further bullish movement was limited and the currency pair dropped down...

USD Up on Fed Statements; Oil Sinks on Demand Concerns

by ForexCycle.com | September 24, 2009 5:34 am
The US Federal Reserve yesterday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession. As expected, the Fed kept its target for its federal funds rate set at a range of...

EUR/USD 1.4723 – 24 September 2009

by ForexCycle.com | September 24, 2009 5:31 am
EUR/USD Open 1.4710 High 1.4838 Low 1.4687 Close 1.4734 Euro/Dollar made significant bearish momentum on Wednesday, dropping with around 250 pips. On the 3 hour chart, after a break down of the lower limit of the ascending...

USD/JPY 91.53 – 23 September 2009

by ForexCycle.com | September 23, 2009 10:16 am
USD/JPY Open 91.11 High 92.06 Low 90.52 Close 91.09 Dollar/Yen failed to continue his ascending correction on Tuesday. Of the 3 hour chart the bullish channel was broken downwards and the trading under 91.75 indicates that the...

Forexpros.com Daily Analysis – 23/09/2009

by forexpros.com | September 23, 2009 9:24 am
Forexpros Daily Analysis Sep 23, 2009 Euro Dollar As expected, the Euro reached 1.48 for the first time this year, and also reached the first target suggested in yesterday's report, which leaves the second target 1.4901 ahead...

GBP/USD 1.6374 – 23 September 2009

by ForexCycle.com | September 23, 2009 9:03 am
GBP/USD Open 1.6361 High 1.6414 Low 1.6212 Close 1.6357 On Tuesday Pound/Dollar rose significantly from 1.6212 to 1.6393, closing the day at 1.6357. Of the 1 hour chart after being unable to break under the 1.6113 support...

U.S. Interest Rates on Tap

by ForexCycle.com | September 23, 2009 8:11 am
Following two relatively peaceful trading days, today is filled with news publications from the major economies. Starting at 06:45 and until 09:00 (GMT) traders are advised to follow the news events from the Euro-Zone. Later on, the...

EUR/USD 1.4810 – 23 September 2009

by ForexCycle.com | September 23, 2009 5:13 am
EUR/USD Open 1.4796 High 1.4838 Low 1.4681 Close 1.4792 On Tuesday Euro/Dollar increased significantly from the 1.4681 bottom to the 1.4815 top, closing the day at 1.4792. Today, the European currency continued rising up to 1.4838. Our...

USD/JPY 91.53 – 22 September 2009

by ForexCycle.com | September 22, 2009 10:51 am
USD/JPY Open 92.01 High 92.53 Low 91.13 Close 91.91 Dollar/Yen climbed significantly on Monday, from 91.32 to the 92.53 top, closing the day at 91.91. On the 1 hour chart the downward channel was broken upwards, and...