Will The Dollar Continue Its Fall?
Yesterday, The USD briefly extended its decline vs. the EUR for the first time in three days after Oil prices hit a record high at more than $120 a barrel. High commodity prices are only exacerbating an...
Month: May 2008
Forexpros.com Daily Analysis – 06/05/08
Today’s US Dollar Trading • Major pairs two-way, end stronger• Volumes light due to minor holidays• USD ends near lows Overnight Preview• Look for more two-way and consolidation trade Looking Ahead to Tuesday All times EASTERN (-5 GMT)•...
ISM Non-Manufacturing Composite on Tap
Last Friday, the greenback continued gaining all across the board against the major currencies. The EUR/USD pair fell for the first time in six weeks below the psychological level of 1.5400, closing the trading session at the...
Forexpros.com Daily Analysis – 05/05/08
Overnight Asia/Europe • USD very quiet• Holidays in Asia and UK Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Non-Manufacturing Composite forecast 49.6 Looking AheadAll times EASTERN (-5 GMT)• None in the US , Very light...
USDCAD Analysis – May 3, 2008
USDCAD traded in range between 0.9987 and 1.0326. Further rise is possible to retest resistance of the down trend line from 1.0378 to 1.0326. Key resistance is now located at 1.0326, as long as this resistance hold,...
USDCHF Analysis – May 3, 2008
USDCHF’s up trend extends to as high as 1.0606. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible next week. Initial support is at 1.0300, only break of this level...
USDJPY Analysis – May 3, 2008
USDJPY’s up trend extends to as high as 105.70. Further rise to 107.00 area is still possible. Near term support is at the rising price channel, as long as the channel support holds, up trend will continue....
AUDUSD Analysis – May 3, 2008
AUDUSD formed a cycle top at 0.9541 on daily chart. Deeper decline to retest 0.8953 previous low support is expected to follow. Key resistance is at 0.9541, only rise above this level will signal resumption of the...
GBPUSD Analysis – May 3, 2008
No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking...
EURUSD Analysis – May 3, 2008
EURUSD is testing 1.5342 key support, consolidation will more likely be seen before breaking below this level, and rebound to 1.5650 area is expected. Key resistance is located at 1.6019, only break of this level will signal...