USDCHF Analysis – July 4, 2009
USDCHF is in range trading between 1.0590 and 1.1021. Further rally is still in favor and the next target would be at 1.1200 or even higher. Key support is now at 1.0590, only fall below this level...
Month: July 2009
USDJPY Analysis – July 4, 2009
USDJPY is forming a sideways consolidation in a range between 93.53 and 101.43. Fall down to re-test 93.53 key support is expected next week. A break below this level will signal deeper decline to 90.00 zone. Near...
AUDUSD Analysis – July 4, 2009
AUDUSD is testing the support of the rising trend line on daily chart, a clear break below the trend line support will signal further fall to 0.7650-0.7700 area. However, the price action from 0.8263 is more likely...
GBPUSD Analysis – July 4, 2009
After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743...
EURUSD Analysis – July 4, 2009
EURUSD traded in a range between 1.3748 and 1.4338. Further fall to test 1.3748 key support is possible next week, a break below this level will signal deeper decline towards 1.3500 zone. Near term resistance is at...
Dollar Soars as its Global Reserve Currency Status Returns to the Forefront
The U.S Dollar gained about 1% versus the EUR and Canadian and New Zealand currencies Thursday after the U.S. government reported more job losses than expected, renewing concerns about the economy and enhancing the greenback’s safe-haven appeal....
U.S. Non-Farm Employment Change Data to Drive USD Volatility Today
The forex market is expected to be extremely volatile today, as the U.S. releases the results of the Non-Farm Employment Change at 12:30 GMT. The EUR Minimum Bid Rate at 11:45 GMT and U.S. Unemployment Claims at...
ForexPros.com Daily Analysis — 1 July 2009
EUR/USD for July 1 The pair is currently in a 55 pip range. A sustained break above 1.4055 would indicate a target of 1.4110 and beyond that 1.4150. USD/JPY Still Has Steam? After a strong run up...
ADP Employment Data to Drive the Majors Today
The surprise drop in consumer confidence in the United States yesterday has resulted in a sudden buy-up in USD as investors flock to safe-havens. With a market that appears to be lacking a clear direction recently, major...