AUDUSD Analysis – August 8, 2009
No changed in our view, AUDUSD remains in uptrend from 0.6248. Further rise to 0.8500 zone to reach the next cycle top on daily chart is possible next week. Key support is now at 0.8124, a break...
Month: August 2009
GBPUSD Analysis – August 8, 2009
GBPUSD is forming a cycle top at 1.7042 level on daily chart, key support is at 1.6339, a break below this level will confirm the cycle top, then deeper decline could be seen to 1.5900-1.6000 area. Long...
EURUSD Analysis – August 8, 2009
Being contained by the upper border of price channel on daily chart, EURUSD pulls back from 1.4447 level. Now the rise from 1.3748 is more likely a part of consolidation started from 1.4338. Further fall is in...
U.S Non-Farm employment Change Set to Determine USD Volatility
The U.S. Dollar is expected to go extremely volatile today on the release of the ever so important U.S. Non-Farm Employment Change at 12:30 GMT. The other releases that are expected to drive trading between the USD...
Forexpros.com Daily Analysis – August 6, 2009
EUR/USD – Consolidation for Breakout? The pair continues to range after strong moves a few days ago. A break above 1.4460 indicates another swing higher with a target of 1.4550. Beyond this is 1.4600 – a daily...
European and British Interest Rate Announcements on Tap
The Bank of England (BOE) and the European Central Bank (ECB) are set to release their policy statements regarding short-term interest rates at 11:00 and 11:45 GMT respectively today. These announcements always generate heavy market volatility and...
Forexpros.com Daily Analysis – August 5, 2009
EUR/USD – Consolidation for Breakout? The pair is consolidating in a relatively tight range after strong moves over the last several days. The bias for the breakout is higher, with a break above 1.4450 indicating another swing...
USD’s Bearishness at an End? Today’s News May Tell
With a chain of bearish trading sessions, the US Dollar has been bouncing the forex market up and down lately. With increased risk appetite and growing market optimism, market conditions are allowing traders to pull away from...
Greenback Touches 2009 Low vs. Currency Basket
The Dollar fell to its lowest levels this year on Monday after the Institute for Supply Management’s index on U.S. manufacturing improved more than expected in July. Along with some better earnings reports from foreign banks, the...
USDCHF Analysis – August 4, 2009
USDCHF breaks below 1.0590 previous low, suggesting that the downtrend from 1.1963 has resumed. Deeper decline to test 1.0366 (Dec 2008 low) support is possible in next several days. Key resistance is now at 1.1021, only rise...