Category: Daily Forex Reports

EUR/USD Continues to Range The pair is trading within a 120 pip range between 1.4000 and 1.3800 over the last couple trading days.  This range has held in early trading.

The Philly Fed Manufacturing Index and a string of other positive U.S. data boosted the Dollar yesterday. This marks a turnaround for the U.S., as there is increasing optimism that the current recession will be over sooner...

The market is set to go increasingly volatile today on the publication of U.S. Unemployment Claims at 12:30 GMT and the Philly Fed Manufacturing Index at 14:00 GMT, and Treasury Secretary Timothy Geithner’s speech at 13:30 GMT...

EUR/USD The last three days have seen the EUR march higher.  This has created a short term uptrend.  Support is at 1.3910, with trend line support at 1.3860, and beyond that 1.3820, 1.3800.

EUR/USD Pulls Off Lows The pair pull off the early lows set yesterday. The 1.3750 level held on the downside but the 1.3935 area also held on the upside.

As the USD shows unclear signals about where it is heading, and the EUR appears to be following the lead of the greenback, the market’s primary currencies seem to be confusing the bulk of forex traders. On...

The USD and JPY regained their status as safe-haven currencies after the release of worse than forecasted economic data from the Empire State Manufacturing Index and TIC Long-Term Purchases reports and a subsequent return to risk aversion....

EUR/USD Breaks Support The pair broke below the 1.3800 level.  A sustained break of this level points to a further decline in the rate as indicated by the topping pattern.  So far the pair has managed to...

The EUR came under selling pressure against the greenback on Monday after the UK Daily Telegraph reported on its website that Germany’s top industrial group has warned that Germany’s credit crunch is deepening. The dollar also drew...

EUR/USD Bigger Correction? The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range.  Support should be found at 1.3940, 1.3900 and beyond that 1.3800.  A move...