ForExPros.com Daily Analysis — May 27, 2009
EUR/USD The pair has pushed below former lows at 1.3950. The daily low is 1.3933 and a break below this would signal a move to 1.3900. Short term trend line support is also just above this level...
Category: Daily Forex Reports
USD Regains Value Against the Majors
The U.S Consumer Confidence report which was released yesterday, gave a surprisingly positive result, suggesting that the public is retaining its faith in the North-American economy. In today’s trading, traders should pay special attention to the Existing...
Forexpros.com Daily Analysis – 26/05/2009
EUR-USD With thin trading yesterday behind us, the lows of the range established during that time have been tested and exceeded on the downside. Price has since moved back up into the trading range between 1.4050 and...
Can German Ifo Data Reverse EUR Trends?
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered...
Forexpros.com Daily Market Analysis – May 25, 2009
The EUR/USD has seen selling in the early Tokyo session although the uptrend remains very much intact.
USD-Negative Market Reversal Due this Week?
Many forex traders witnessing the strong bearish trends across the USD pairs and crosses have been wondering when it will come to an end. As last week’s U.S. housing market data and unemployment figures proved worse than...
Dollar Volatility Set to Impact Forex Market Today
The USD’s volatility is set to continue today as forex trader’s eye Federal Reserve Chairman Ben Bernanke’s speech as 6 GMT. In the meantime, however, it would be a wise move for investors to open some important...
Economic Growth Boosts Risk Appetite, Commodity Prices
These past several weeks have seen a series of positive economic data emerging from various economies. Even a record contraction in Japanese GDP was anticipated and the market impact was minimal. As market optimism takes hold, safe-haven...
Safe Haven Currencies Tumble as Optimism Returns
An increase in optimism led by a bullish stock market as well as positive comments made by U.S. Treasury Secretary Timothy Geithner yesterday led to an increased demand for riskier currencies. Expect a busy news day today,...
A Busy News week Promises High Volatility
The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades,...