Month: December 2009

Forexpros Daily Analysis Dec 31, 2009 Euro Dollar The Euro fluctuated, breaking 1.4308 first, then breaking 1.4380 and flying above 1.44. And as we can see, the price is currently trading inside a falling channel on the...

JPY The Japanese Yen fell across the board on Wednesday as a surprise, Holiday week comment from Standard and Poor’s shook the Forex world on one of the quietest trading days of the year. The esteemed rating...

Better than expected Chicago Manufacturing Index and lower equities pushed the USD to new highs versus the EUR and JPY Wednesday. Trading is expected to be extremely light today as markets close early ahead of New Year’s...

EUR/USD  (Support & Resistance (S&R): The EUR has fallen roughly 6% since reaching its high for the year back in late November. Here are some key levels of Support and Resistance.  A breach of these levels would...

In the overnight session, the Nikkei fell by almost a percent amid concerns that Japan Airlines may be headed for bankruptcy.  This follows a rather flat day on Wall Street as the DJIA closed down 1.67 points,...

Forexpros Daily Analysis Dec 30, 2009 Fundamental Analysis: Chicago PMI The Chicago PMI will be published tomorrow (Dec 31).The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region.

Market Notes: Last days of 2009 the market is unpredictable. For example:· We’re used to an oil-CAD correlation, however today we see crude oil future prices are climbing up, but the CAD is a weakest currency of...

USD Risk appetite returned on Tuesday in another lightly traded session that saw the Dollar fall to higher yielding currencies such as the Canadian and Australian Dollars. The last minute showing comes as there is some speculation...