Overnight Asia/Europe • USD two-way• Opens New York better• Year-end drives Tokyo trade Today’s Economic Reports • 8:45 AM CDT Chicago PMI forecast 46.7 Looking Ahead • 9:00 AM CDT Tuesday ISM Index forecast 48.2• 7:00 PM CDT...
The Greenback heads into the last day of March prime for what could be one of the more defining points of 2008. After last week’s mixed batch of economic data out of the US, the Dollar plunged...
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 1.0094, a break of this level will indicate...
USDCHF is forming a cycle top at 1.0249 on daily chart. As long as the key support at 0.9634 holds, sideways consolidation in a range between 0.9634 and 1.0249 is expected in a couple of weeks. A...
USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to 102.50 area to reach the next cycle top on daily chart is still possible in the next several days. Key support is at...
No changed in our view, AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break...
GBPUSD is in down trend. The rebound from 1.9736 is treated as consolidation to the down trend. Deeper decline to retest 1.9337 previous low support is still possible after consolidation, and a break below 1.9736 level will...
EURUSD is testing the previous high resistance at 1.5902, as long as this resistance holds, the rebound from 1.5342 is treated as correction to the down trend. However, a break of 1.5902 level will signal the resumption...
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Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing...
