USD The US Dollar continued its rebound started Monday on the heels of Federal Reserve Chairman Ben Bernanke’s comments. The Dollar also was helped by a profit taking selloff in stocks, oil and gold – all which...
EUR/USD Open 1.4877 High 1.4996 Low 1.4812 Close 1.4874 On Tuesday Euro/Dollar declined from the 1.4996 top to the 1.4812 bottom, closing the day at 1.4980. The downward channel, which was broken upwards on Monday the daily...
One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
USD/JPY Open 89.01 High 89.70 Low 88.77 Close 89.04 On Monday Dollar/Yen continued its downward movement, reaching depths of 88.77, closing the day at 89.04. Signals are expected to continue the decreasing momentum with technical objectives towards...
Forexpros Daily Analysis Nov. 17, 2009 Fundamental Analysis, Australia • Tuesday: Reserve Bank’s Board November Minutes (Text Report). • Wednesday: Westpac Leading Index (Previous 1.1%, Expected N/A).
The DJIA completed the Global Equity Market rally today currently ahead 140 points to 10,410. The rally during the Asian and London session got underway as the Asia Pacific Economic Cooperation group universally agreed to maintain and...
AUD/USD:The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343. The Aussie completed the top portion of a double top (as depicted on the Chart by the 2 white boxes)...
GBP/USD Open 1.6834 High 1.6868 Low 1.6672 Close 1.6817 Pound/Dollar continued its bullish movement on Monday, climbing up to the 1.6868 top, closing the day at 1.6817. We expect the bulls to remain dominating with targets towards...
EUR/USD Open 1.4982 High 1.5015 Low 1.4903 Close 1.4970 Euro/Dollar traded hesitantly on Monday, still caught within the 1.4514 – 1.5045 range, as seen on the 3 hour chart. The double peak formation from last week, as...
The Producer Price Index (PPI) is expected to be the main driver of USD trading for Tuesday. The other major releases from the U.S. that forex traders are advised to follow are the TIC Long-Term Purchases, Core...
