EURUSD Analysis – Mar 28, 2009
As expected, EURUSD formed a cycle top at 1.3738 level on daily chart. Consolidation in a range between 1.2950 and 1.3738 is expected in a couple of weeks. Initial resistance is at 1.3738, only rise above this...
Month: March 2009
Dollar to Move Today on Release of Economic Data
The Dollar rose yesterday against most of its major rivals as riskier currencies fell out of favor. Despite strong gains in U.S. equities, the Dollar gained ground as the likelihood of further European Interest Rate cuts loom...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends mixed after violent session• Traders confused over Geither remarks• GBP fails to follow EURO higher, USD/JPY near lows
EURUSD Volatility the Order of the Day
Many forex traders in the market would be blind to have not noticed the sharp volatile movements occurring in the world’s primary currency pair: the EUR/USD. This tug-o-war between the two largest world currencies comes about as...
A Busy News Day Promises High Volatility
After yesterdays relatively calm trading session, today the economic calendar is filled with high impact data that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to...
EURUSD Analysis – Mar 25, 2009
EURUSD might be forming a cycle top at 1.3738 on daily chart. Key support is now located at 1.3250, a break below this level will confirm the cycle top and deeper decline could then be seen to...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • Early USD strength fades after London fix• Stops noted driving trade from smaller accounts• Two-way action and technical trade dominate, more likely
U.S. Toxic Debt Plan Spurs Market Optimism
U.S. Treasury Secretary Timothy Geithner unveiled plans last week for a public-private partnership of investors buying out toxic banking and housing debt. Since that time, investors have been in a frenzy to sell off the USD and...
Forexpros.com Daily Analysis
Overnight Asia/Europe • USD mixed in two-way trade• Traders note mostly technical action, some stops seen• Majors retain a bid tone into New York
USDCAD Analysis – Mar 21, 2009
USDCAD has formed a cycle top at 1.3063 level on daily chart. Further fall is expected next week and target would be at 1.2000 zone. Near term resistance is at 1.2500, as long as this level holds,...