Forexpros Daily Analysis Sep 10, 2009
Euro Dollar The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of...
Category: Daily Forex Reports
GBP Anticipates Volatility before Rate Decision
With mixed results versus its primary currency counterparts, the British Pound appears to be consolidating many of its trends towards a volatile movement; positioned to take place today, it appears. The Bank of England’s rate decision and...
Forexpros Daily Analysis Sep 9, 2009
Euro Dollar Break Major Resistance The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer...
Commodity prices Surprise with Bullishness as USD Weakens
With recent market volatility, the price level for a few currencies and commodities have begun to see prices not seen since last year. For instance, the USD fell to its lowest in almost a year during yesterday...
Forexpros Daily Analysis Sep 8, 2009
Euro Dollar The Euro has broken the falling trendline from Aug 27th high, and stayed above it the whole time. That is why, there is still a big probability to surpass 1.4405 and head towards areas above...
Forex Market to Move on News Coming from Europe and Canada
In forex trading, the USD is set to have relatively quiet news today. This lack of major news indicates that the other major currencies, such as the GBP, EUR and CAD, may be the market movers today...
Forexpros Daily Analysis Sep 7, 2009
Euro Dollar The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be...
Dollar Expects Low Volatility Today
Today is a quiet news day for the U.S. and Canada, as there are no economic data releases on the calendar today. However, Britain and Euro-zone appear to be releasing the bulk of today’s news, which means...
U.S. Non-Farm Employment Change to Determine Today’s Trends
The U.S. Non-Farm Employment Change Data is set to be published at 12:30 GMT, and is expected to be the most important news event when it comes to market volatility. Traders are also advised to follow the...
Forexpros Daily Analysis Sep 3, 2009
Euro Dollar The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important...