Category: Daily Forex Reports

EUR/USD With news out of the US and the EURO zone today a larger than average range is expected (150 + pips).

The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP...

EUR/USD Continues to March A pair has just pulled off the highs in the early Tokyo session, but the trend is still up and the bias is still up.

Strong economic data from the U.S, U.K and China combined with strong equity performances has led to a sell-off of the safe haven currencies and pushed investors to higher yielding, riskier currencies as many see the global...

EUR/USD Awaits Breakout The pair has been stuck in a range through early trading, but the EUR is showing early signs of weakness.

After depreciating consistently over the past few weeks, the USD is now traded over 1.41 against the EUR, and over 1.62 against the GBP. This week on Thursday, at 11.45 GMT, the ECB will deliver its periodical...

EUR/USD Continues Uptrend The EUR/USD has started higher once again after bouncing off of the 1.4100 level. Resistance is currently at 1.4160. A break above this level would signal a move to 1.4220-1.4240. Beyond this there is...

Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders...

EUR/USD Breaks Recent Lows The pair fell through the May 26 swing lows.  This is not too significant at this point, but when London opens, failure to test and hold above this 1.3870 level  would set a...

The U.S. Dollar and Crude Oil experienced much bullishness in yesterday’s trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner’s optimistic speech regarding the U.S. economy. This helped the Dollar record a...