EURUSD moved sideways in a range between 1.4626 and 1.5062. Lengthier consolidation in the trading range is possible next week. As long as 1.4626 support holds, another rise towards 1.5200 is still possible after consolidation and a...
USD/JPY Open 88.92 High 89.44 Low 88.64 Close 88.95Dollar/Yen made an indecisive movement on Thursday, forming divergence on the 3 hour chart, than continued descending from the 89.44 top, closing the day at 88.95. On the 1...
GBP/USD Open 1.6652 High 1.6746 Low 1.6589 Close 1.6664Pound/Dollar made descending movement on Thursday, as expected, reaching a bottom at 1.6607 and closing the day at 1.6664. On the bigger picture on the 3 hour chart quotes...
EUR/USD Open 1.4912 High 1.4955 Low 1.4844 Close 1.4924Euro/Dollar made a significant bearish movement on Thursday, reaching a bottom at 1.4844, but failing to go below the important 1.4800 support level, closing the day at 1.4924. On...
The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the...
USD The US Dollar reversed its downward trend on Thursday after Federal Reserve members downplayed the fall of the US currency in the past few months by reminding investors that deflation is still a real threat. The...
Non professional forex traders often take the plunge into trading forex before taking the time to learn forex and equipping themselves with the knowledge necessary to find success. Forex trading is business and not like approaching a...
Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers. Housing Starts came in at...
Forexpros Daily Analysis Nov. 19, 2009 The Bank of Japan is due to hold a press conference Tomorrow (NOV 20). The Bank regularly uses press releases in order to communicate with investors. Topics at such conferences generally...
GBP/USD Open 1.6738 High 1.6839 Low 1.6644 Close 1.6741On Wednesday Pound/Dollar was trading hesitantly, reaching a top first at 1.6839, than dropping down to 1.6716, closing the day at 1.6741, which indicates consolidation. On the 3 hour...
