USDJPY Analysis – Jan 8, 2009
USDJPY might be forming a cycle top at 94.61 on daily chart. Pullback to test 89.72 key support is expected in next several days. A break below this level will indicate that the rebound from 87.13 has...
Month: January 2009
The Market is Bullish on the Dollar throughout January 2009
The USD has gained much support lately as it extends gains against most of its currency counterparts, primarily the EUR and JPY. Barack Obama’s announced stimulus package has done its part in boosting investor confidence that the...
Forexpros,.com Daily Reports
Today’s US Dollar Trading • USD reverses from early highs, makes lows in some pairs• Equities better but USD/JPY fails to gain• Technical objectives met
Forexpros.com Daily Analysis
Overnight Asia/Europe • USD firmer overnight• Stops seen in most pairs lifted USD• Liquidation of GBP crosses continues
Dollar Expects High Volatility Today
A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy.
AUDUSD Analysis – Jan 6, 2009
AUDUSD breaks above 0.7140 resistance, suggesting that the uptrend from 0.6008 has resumed. Further rally could be seen to 0.7500 zone in next several days. Near term support is at 0.6755, only fall below this level will...
EURUSD Analysis – Jan 6, 2009
EURUSD breaks below 1.3825 support and reaches as low as 1.3546 level. Deeper decline could be seen to 1.3050 zone in next several days. Initial resistance is now at 1.3765, as long as this level holds, we’d...
Forexpros.com Daily Analysis
Overnight Asia/Europe • Early USD weakness gives way to strength• Equities mixed, Oil firmer• Speculation two-way on what will happen early in the year
USDCAD Analysis – Jan 3, 2009
USDCAD consolidated in a range between 1.1818 and 1.2394 for two weeks. Deeper decline towards 1.1600 level would more likely be seen next week, and a break down below 1.1818 will confirm such case.
USDCHF Analysis – Jan 3, 2009
USDCHF breaks below 1.0410 support and reaches 1.0366 level only. Further rise could be seen to 1.1000 next week. However, the price action from 1.0410 is more likely consolidation to the long term downtrend from 1.2296, and...