EUR/USD 1.4749 – 8 October 2009

by ForexCycle.com | October 8, 2009 5:22 am
EUR/USD Open 1.4687 High 1.4773 Low 1.4655 Close 1.4688 Euro/Dollar made a moderate increasing movement on Wednesday, reaching a peak at 1.4736, than dropping down to the 1.4655 bottom, closing the day at 1.4688. On the 3...

Forexpros.com Daily Analysis – 07/10/2009

by forexpros.com | October 7, 2009 10:42 am
Forexpros Daily Analysis Oct 7, 2009 Euro Dollar The Euro advanced to 1.4761 before retreating back to 1.4682, and with that, it stayed for the whole past 24 hours above the important support specified in yesterday's report...

USD/JPY 88.34 – 7 October 2009

by ForexCycle.com | October 7, 2009 10:08 am
USD/JPY Open 88.71 High 89.64 Low 88.09 Close 88.80 Although insignificant, Dollar/Yen continued making downward movements within the descending channel on Tuesday. On the 3 hour chart quotes corrected upwards and tested the upper limit and resistance...

Attention Turns to Crude Oil Before Inventory Data

by ForexCycle.com | October 7, 2009 8:27 am
With the US Dollar’s future feeling uncertain, attention seems to have turned towards Crude Oil following speculation that the Gulf States recently discussed dropping the USD for oil trading in exchange for a basket of currencies. While...

GBP/USD 1.5922 – 7 October

by ForexCycle.com | October 7, 2009 8:24 am
GBP/USD Open 1.5915 High 1.6045 Low 1.5860 Close 1.5916 Pound/Dollar traded with volatility on Tuesday. On the 3 hour chart Cable climbed above 1.6040, reaching a peak at 1.6043, where the upward impulse was stopped, and quotes...

EUR/USD 1.4703 – 7 October 2009

by ForexCycle.com | October 7, 2009 5:16 am
EUR/USD Open 1.4716 High 1.4754 Low 1.4645 Close 1.4719 On Tuesday Euro/Dollar traded moderately upwards. The currency couple rose up to the 1.4754 top, where it found strong resistance, and closed the day at 1.4719. The current...

Forexpros.com Daily Analysis – 06/10/2009

by forexpros.com | October 6, 2009 11:09 am
Forexpros Daily Analysis Oct 6, 2009 Euro Dollar The Euro accurately reached the retest level that we specified as 1.4588 (yesterday's low 1.4592), and retested the broken channel successfully. Then it started rising and reached the important...

USD/JPY 89.25 – 6 October 2009

by ForexCycle.com | October 6, 2009 10:17 am
USD/JPY Open 89.51 High 89.96 Low 88.86 Close 89.53 Yesterday Dollar/Yen made a decreasing attempt, reaching a bottom at 89.22, where the bearish impulse was stopped, and the currency couple bounced sharply upwards to 89.96, closing the...

Dollar Weakens on Speculation Gulf States May Stop Using Greenback

by ForexCycle.com | October 6, 2009 8:21 am
Growing speculation over the potential end to Dollar-based trading in the oil market has pushed the USD down against 14 of its 16 major counterparts yesterday. A report on Tuesday in the Independent newspaper revived the idea...

GBP/USD 1.6010 – 6 October

by ForexCycle.com | October 6, 2009 8:18 am
GBP/USD Open 1.5930 High 1.6023 Low 1.5864 Close 1.5931 Yesterday Pound/Dollar traded hesitantly. The Cable increased up to the 1.6020 top, from where it started dropping down to the 1.5904 bottom, closing the day at 1.5931. Today...