EUR/USD: Now that the EUR has safely breached resistance and survived the Dubai scare let’s take a look at where the EUR may be heading next. In order to project forward we must first look back at...
GBP/USD Open 1.6620 High 1.6648 Low 1.6396 Close 1.6610After Pound/Dollar failed to retain its earlier gains yesterday, it started dropping from Tuesday’s top at 1.6648, closing the day at 1.6610. Downward pressure came from a report showing...
The Dollar fell to its lowest level in 15 months against the EUR and a basket of other major currencies Wednesday as concerns about Dubai’s debt problems faded adding to demand for higher-yielding assets. Government-related Dubai World...
EUR/USD Open 1.5089 High 1.5114 Low 1.4981 Close 1.5082The Euro calmed after the strong ascending impulse last week because the delayed payment of Dubai to the European banks, which is expected to be temporary, after hitting the...
Forexpros Daily Analysis Dec 01, 2009 Fundamental News: The U.S Department of Labor will release The ADP Nonfarm Employment Change report tomorrow (Dec 2)The ADP National Employment Report is a measure of the monthly change of nonfarm...
Forexpros Fundamental Weekly Outlook, Nov 30-Dec 4,2009 EU:• Monday: Germany Retail Sales MoM (Previous -0.5%, Forecast N/A) & YoY (Previous -3.9%, Forecast N/A).• Tuesday: Euro-Zone PMI Manufacturing (Previous 51, Forecast N/A), Unemployment Rate (Previous 9.7%, Forecast N/A)....
USD/JPY Open 86.30 High 87.53 Low 85.89 Close 86.34Dollar/Yen experienced further descending on Monday, reaching depths of 85.89, where further bearish momentum was limited, closing the day at 86.34, and sharply turning upwards this morning, reaching the...
Commodity currencies rallied today with the AUD gaining 1.03% on the Greenback while the Pound gave up nearly 3/10th of a percent. The EUR and CHF were basically flat on the day. Speculation in the market about...
USD/JPY: Fibonacci tools never cease to amaze me. The question becomes do they predict or become a self fulfilling prophecy? In the end it may not matter. What does matter is that Fibonacci tools assist traders in...
GBP/USD Open 1.6453 High 1.6726 Low 1.6271 Close 1.6438Pound/Dollar traded indecisively on Monday, climbing up first to 1.6593 top, from where it started dropping down to 1.6389 bottom, closing the day at 1.6438. On the 3 hour...
