AUDUSD broke above 0.9070 previous high, suggesting that another rally to 0.9200-0.9250 is underway. Support is now at the rising trend line from 0.8577 to 0.8801, key support is at 0.8801, only fall below this level could...
GBPUSD stays below a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected to continue and deeper decline to 1.4600 area is...
EURUSD might be forming a cycle bottom at 1.3435 level on daily chart. Range trading between 1.3435 and 1.3838 is expected next week. Resistance is at the falling trend line from 1.5144 to 1.4579, key resistance is...
GBP/USD Open 1.5030 High 1.5132 Low 1.4863 Close 1.5032Pound/Dollar traded hesitantly on Thursday within the 1.5012 – 1.5124 range, closing the day at 1.5032. Today at 9:30 are the PPI and Halifax housing. As quotes are still...
Past Events: • EUR Minimum Bid Rate out at 1.0% versus expected 1.0%, prior 1.0%• GBP Official Bank Rate out at 0.5% versus expected 0.5%, prior 0.5%• GBP Asset Purchase Facility out at 200B versus expected 200B,...
The forex market is bracing itself for some heavy volatility as the U.S. Non-Farm Payrolls figure is set to be released today. The monthly report is one of the most significant market indicators and will heavily impact...
EUR/USD Open 1.3583 High 1.3711 Low 1.3556 Close 1.3582Euro/Dollar started decreasing on Thursday ahead of the US Nonfarm payrolls and the Unemployment report due today at 13:30 GMT. The currency couple dropped from 1.3711 down to 1.3556,...
Market Review – 04/03/2010 22:51GMT Euro tumbles on ECB n Deutsche Bank’s downgrade by Moody’s dollar surged broadly The greenback rose broadly on Thursday and the single currency declined sharply after the ECB stated it would not...
The overall picture: A long-expected trend has finally begun, as Bollinger Bands signaled about it. A “buy” signal with the target level of 1.3962 is formed. At present moment, the price has not managed to strengthen above...
ForexPros Daily Analysis March 4, 2010 Fundamental Analysis: US Unemployment Rate Traders of the US anticipate the publication of the Unemployment Rate, which is a measure of the percentage of the total labor force that is unemployed...
