U.S. Retail Sales On Tap
Last week we saw the return of significant volatility to the Forex market. Amidst fears of recession in the US, due to the housing and credit crisis as well as poor labor numbers, investors once again became...
Month: April 2008
Forex Brokers
Global Tradewaves LTD – GTL is a Regulated Swiss broker and Clearing member of DGCX, (Dubai Gold & Commodity Exchange) that offers both individual and institutional clients the ability to engage in real-time trading CFDs, Currencies, Commodities,...
USDCAD Analysis – Apr 12, 2008
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we’d expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in...
USDCHF Analysis – Apr 12, 2008
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. As long as 0.9870 support holds, we’d expected up trend to resume, and further rise to 1.0500 area to reach the next cycle top...
USDJPY Analysis – Apr 12, 2008
USDJPY is in up trend. The fall from 102.94 is treated as consolidation to the up trend. Further rally to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation....
AUDUSD Analysis – Apr 12, 2008
AUDUSD is forming a sideways consolidation in a range between 0.8953 and 0.9496. Further rebound to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long...
GBPUSD Analysis – Apr 12, 2008
GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we’d...
EURUSD Analysis – Apr 12, 2008
EURUSD broke above 1.5902 and pulled back from 1.5913 level. Further rally to 1.6200 area to reach the next cycle top on daily chart is still possible after consolidation. Near term support is at 1.5510 and key...
Interest Rate Announcements Expected For EUR & GBP
Yesterday, the greenback fell to its lowest mark since the beginning of April decreasing sharply against a majority of it’s currency rivals. The EUR/USD pair shot up 150pts yesterday, crossing the key psychological rate of 1.5800 for...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD two-sided overnight• Breaks lower during New York but still no new range• Equities fall driving USD /JPY lower Overnight Preview • Look for follow-through selling of USD• Book squaring ahead of US...