Forexpros Daily Analysis Nov 10, 2009 Traders await the release of the Bank of England’s (BOE) Quarterly Inflation Report tomorrow (NOV 10th). The report sets out a detailed economic analysis and inflation projection on which the Bank’s...
USD/JPY Open 89.95 High 90.23 Low 89.68 Close 89.96 On Monday Dollar/Yen was trading quietly after the sharp fall on Friday. On the 1 hour chart the important key support 89.55 was broken downward at the beginning...
GBP/USD Open 1.6775 High 1.6843 Low 1.6475 Close 1.6757 On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top, closing the day at 1.6757. Today, however, the Cable deeply corrected, swallowing all yesterday’s rise. If Sterling...
USD The G20 met on Monday and pledged to keep emergency stimulus spending in place until a global recovery is assured. This moved investors out of the US Dollar and into the higher yielding currencies as...
Technical indicators play a crucial role in analyzing financial markets, and one of the most popular and widely used indicators is the Moving Average (MA). Its simplicity and effectiveness make it a favorite among traders. In this...
The Dollar is expected to be the driver of the forex market today. This is following yesterday’s bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and...
EUR/USD Open 1.5002 High 1.5015 Low 1.4850 Close 1.4996 On Monday Euro/Dollar failed to continue the downward movement, climbed from 1.4850 to the 1.5015 top, closing the day at 1.4996. The economic recovery seems to point the...
USD The US unemployment situation worsened to levels unseen since 1983 prompting many traders and investors to seek safe-haven shelter in the Dollar. The number of unemployed Americans rose to 10.2%, a .3% increase from expectations...
While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on...
USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support...
