AUDUSD Analysis – August 22, 2009
AUDUSD might be forming a cycle top at 0.8477 level on daily chart. Key support is now at 0.8155, a break below this level will confirm the cycle top and indicate that the uptrend from 0.7703 has...
Month: August 2009
GBPUSD Analysis – August 22, 2009
GBPUSD has formed a cycle top at 1.7042 level on daily chart. Further decline to 1.5900-1.6000 area is expected in a couple of weeks, and a break down below 1.6275 will confirm such case. Near term resistance...
EURUSD Analysis – August 22, 2009
EURUSD stays in the rising price channel on daily chart and remains in uptrend from 1.3748. Further rally to 1.4500 is still possible next week. However, the rise from 1.3748 is more likely a part of consolidation...
USD to Go Volatile on U.S. Homes Sales and Bernanke Speech
The U.S. Dollar is expected to go volatile today on U.S. Homes Sales data and the speech by Federal Reserve Chairman Ben Bernanke at 14:00 GMT. Bernanke is expected to discuss the economic crisis and recovery. With...
BOE Reveals Doubt over Short-Term Recovery
Yesterday’s bearish behavior by the GBP was felt by many traders as the Bank of England’s (BOE) Monetary Policy Committee (MPC) released the minutes from a recent meeting regarding interest rates and quantitative easing. There was a...
Forexpros.com Daily Analysis Aug 20, 2009
Euro Dollar 1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday. Currently the pair appears to be forming a continuation pattern. But a break below 1.4180 is likely to see a further slide. ...
European Currencies on the Rise along with Risk Appetite
Yesterday’s sudden boost in equity markets world-wide has helped drive many of the riskier currencies, such as the EUR and GBP, higher versus their primary currency rivals. Safe-havens such as the Dollar and Yen took a small...
Empire State Manufacturing Index to Lead USD Trading
The U.S. Dollar gained versus the EUR but extended losses against the JPY since Friday, after the U.S. Consumer Sentiment index unexpectedly declined in early August. The data aided the Dollar, which in many instances has tended...
Forexpros.com Daily Analysis Aug 18, 2009
Euro Dollar Analysis – Aug 18 There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point...
USD Recovers on Friday’s U.S Consumer Sentiment Depreciation
The U.S. dollar gained versus the EUR but extended losses against the Japanese yen on Friday after the U.S. Consumer Sentiment index unexpectedly declined in early August. The data pushed U.S. stocks lower, aiding the Dollar which...