GBP/USD 1.6342 – 18 September 2009

by ForexCycle.com | September 18, 2009 8:11 am
GBP/USD Open 1.6448 High 1.6559 Low 1.6298 Close 1.6450 On Thursday Pound/Dollar attempt to rise, reaching a peak at 1.6559, but the bullish movement was limited there and the Cable dropped down to the 1.6424 bottom, closing...

Dollar Edges Up Against EUR, Crude Falls with Stocks

by ForexCycle.com | September 18, 2009 7:12 am
The Dollar took a break from its bullish run versus the EUR yesterday, but the long term trend could continue today. Driving yesterday’s reversal were losses in U.S. equities and stronger manufacturing data from the U.S. Today’s...

EUR/USD 1.4716 – 18 September 2009

by ForexCycle.com | September 18, 2009 5:25 am
EUR/USD Open 1.4739 High 1.4757 Low 1.4688 Close 1.4741 On Thursday Euro/Dollar was made a moderate increasing movement, reaching a peak at 1.4757, closing the day at 1.4741. Of the 1 hour chart the currency pair is...

GBP/USD 1.6524 – 17 September 2009

by ForexCycle.com | September 17, 2009 8:25 am
GBP/USD Open 1.6477 High 1.6555 Low 1.6433 Close 1.6486 On Wednesday Pound/Dollar traded hesitantly, forming divergence on the 3 hour chart. The Cable descended down to the 1.6433 bottom, from where it rose insignificantly, closing the day...

USD Continues Decline; Slow Economic Recovery Expected

by ForexCycle.com | September 17, 2009 6:50 am
With recent fears over inflation and fiscal deficits, the market surprisingly appears calmer than it should be. The USD has continued its decline, suggesting that either faith in the American economy is fleeting, or investors are increasing...

EUR/USD 1.4720 – 17 September 2009

by ForexCycle.com | September 17, 2009 6:43 am
EUR/USD Open 1.4705 High 1.4736 Low 1.4653 Close 1.4710 On Tuesday Euro/Dollar bounced downwards, reaching a bottom at 1.4653, than made a moderate rise to the 1.4736 top, closing the day at 1.4710. Quotes are approaching the...

USD/JPY 90.35 – 16 September 2009

by ForexCycle.com | September 16, 2009 11:17 am
USD/JPY Open 90.98 High 91.53 Low 90.12 Close 91.06 Dollar/Yen made an ascending effort on Tuesday, but failed to break the 91.80 resistance, dropped sharply to 90.87, and closed the day at 91.06. It seems that the...

Forexpros Daily Analysis Sep 16, 2009

by forexpros.com | September 16, 2009 9:21 am
Euro Dollar Reaching the top of the channel at 1.4684, but not breaking it, the Euro is still inside the suggested area for a top. The top of the channel is slowly approaching 1.47, more accurately it...

USD Hits 1-Year Low on U.S Economic Pessimism

by ForexCycle.com | September 16, 2009 9:02 am
The U.S Dollar struck a one-year low against a basket of currencies on Wednesday, as investors reduced dollar holdings on views that the U.S. currency may weaken for now due to pessimism over the U.S. economy. Investors...

GBP/USD 1.6496 – 16 September 2009

by ForexCycle.com | September 16, 2009 8:07 am
GBP/USD Open 1.6488 High 1.6656 Low 1.6409 Close 1.6485 Pound/Dollar made another downward movement on Tuesday as expected, reaching a bottom at 1.6409, closing the day at 1.6485. Of the 1 hour chart the bullish channel was...