USD Continues to Gain on Return to Risk Aversion

by ForexCycle.com | October 28, 2009 7:50 am
The USD continued to advance Tuesday against major currencies as a measure of U.S. consumer confidence registered an unexpected decline for October. Gold futures extended losses from the previous session as the USD rose. December Gold fell...

EUR/USD 1.4823 – 28 October 2009

by ForexCycle.com | October 28, 2009 7:04 am
EUR/USD Open 1.4822 High 1.4921 Low 1.4770 Close 1.4810 After the sharp drop on Monday, yesterday Euro/Dollar continued descending insignificantly with around 150 pips. If the currency pair gets consistent movements above yesterday’s top 1.4920, the trend...

Forexpros Daily Analysis Oct 27, 2009

by forexpros.com | October 27, 2009 12:17 pm
The U.S. Census Bureau will publish the Monthly Core Durable Goods Orders report tomorrow (Oct 27th ).The report measures the change in the total value of new orders for durable goods, excluding transportation.Because aircraft orders are very...

USD/JPY 91.84 – 27 October 2009

by ForexCycle.com | October 27, 2009 11:05 am
USD/JPY Open 92.24 High 92.32 Low 91.57 Close 92.22 On Monday Dollar/Yen decreased down to 91.57, from where renewed its upward trend to 92.29, closing the day at 92.22. Signals are expected to be rising for now,...

GBP/USD 1.6357 – 27 October 2009

by ForexCycle.com | October 27, 2009 9:07 am
GBP/USD Open 1.6290 High 1.6394 Low 1.6254 Close 1.6315 As US stocks slid on Monday the Pound was seriously harmed like the other majors. The pair reached the 1.6254 bottom yesterday, closing the day at 1.6305. On...

CB Consumer Confidence Figures Set to Dominate USD Trading

by ForexCycle.com | October 27, 2009 8:25 am
Dollar trading today is set to be dominated by key releases from the U.S., such as the CB Consumer Confidence figures at 14:00 GMT. The speech by Treasury Secretary Timothy Geithner at 20:00 GMT is also set...

EUR/USD 1.4879 – 27 October 2009

by ForexCycle.com | October 27, 2009 6:43 am
EUR/USD Open 1.4855 High 1.5059 Low 1.4948 Close 1.4870 On Monday Euro/dollar climbed to the 1,5059 top, than collapsed to the 1.4846 bottom, as expected, where the bears are limited for now, and the currency couple closed...

The EUR/USD Trades Past $1.50 First Time in 14 Months

by ForexCycle.com | October 26, 2009 8:05 am
The U.S dollar fell against the EUR and the Yen in Asian trading this morning after an official newspaper of the Chinese central bank said China should cut its USD holdings, adding to concerns over the unit’s...

GBP/USD 1.6657 – 23 October 2009

by ForexCycle.com | October 23, 2009 8:16 am
GBP/USD Open 1.6611 High 1.6693 Low 1.6493 Close 1.6619 On Thursday Pound/Dollar made a significant downward correction down to the 1.6493 bottom, from where the Cable started recovering, closing the day at 1.6619. The British currency seemed...

The Dollar Resumes Broad Slide towards 2008 Lows

by ForexCycle.com | October 23, 2009 6:47 am
The USD surrendered slim gains on Friday, resuming its bearish momentum against a basket of currencies on expectations Interest Rates will remain low in the U.S. Low rates make the U.S. Dollar less attractive than higher-yield currencies...