Full Week of Fundamental Data Looks to Provide Volatility

by ForexCycle.com | August 3, 2009 9:04 am
The economic calendar is filled with high impact data this week that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to pay special attention to the...

Forexpros.com Daily Analysis – August 3, 2009

by forexpros.com | August 3, 2009 8:02 am
EUR/USD After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300.  A break above 1.4320 signals another swing higher.  Initial resistance is at 1.4340 with targets beyond...

Forexpros.com Daily Analysis – July 30, 2009

by forexpros.com | July 30, 2009 8:59 am
EUR/USD The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level.  A break below 1.4000 will likely target 1.3920 followed by 1.3880.Resistance on the upside is...

Crude Oil Price Crashes after Unusually High Inventory Data

by ForexCycle.com | July 30, 2009 7:59 am
The price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations,...

Greenback Rebounds from Earlier Lows

by ForexCycle.com | July 29, 2009 9:01 am
The U.S dollar drifted sideways against a basket of currencies on Wednesday, hovering not far from the lowest level of the year, as investors continue to assess the real economy by looking at economic data in the...

Forexpros.com Daily Analysis – July 29, 2009

by forexpros.com | July 29, 2009 8:29 am
EUR/USD Yesterday the pair tested the lows in the current range at 1.4120.  So far that level has held.  A break below indicates a swing down, although a move below 1.4100 would help confirm. 1.4060 is the...

The Currency Market Keeps on Eye on U.S.-China Dialogue

by ForexCycle.com | July 28, 2009 8:51 am
The U.S dollar remained weak against its major currencies in range-bound trade on Monday as U.S. equity markets remained in negative territory, indicating waning desire among investors for riskier assets. Also Monday, U.S. and Chinese officials began...

Forexpros.com Daily Analysis – July 28, 2009

by forexpros.com | July 28, 2009 7:39 am
EUR/USD The range continues. Resistance is at 1.4300 and 1.4335-1.4350.  There is little resistance beyond that and rates could surge if that level is surpassed. Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100. Support is likely...

Dollar Falls as Investors Turn to Riskier Assets

by ForexCycle.com | July 27, 2009 8:39 am
The rally in global stock markets has led to a sell-off of the safe haven currencies and pushed investors to higher riskier assets as many see the global recession coming to an end. The encouraging global economic...