Past Events: • USD Core Durable Goods Orders m/m out at 2.8%, versus expected 0.7%, prior 1.7%• USD Durable Goods Orders m/m out at -1.3%, versus expected 0.2%, prior 1.1%• USD New Home Sales out at 411K,...
During last week’s trading session, the Dollar continued to strengthen, mostly due to the Greek debt crisis which weakens the Euro. This week however, Interest Rates Announcements are expected from the U.S, Japan and New Zealand. This...
EUR/USD Open 1.3360 High 1.3396 Low 1.3213 Close 1.3378The Euro appreciated on Friday. Euro/Dollar increased from 1.3213 to 1.3396 on Friday, in converse with the Interbank sentiment projection, at around -18%, closing the week at 1.3378. On...
Market Review – 23/04/2010 22:24GMT Euro rallies on short-covering after Greece announced aid request The single currency rebounded strongly from one-year low against the buck after Greece announced it will activate a financial aid package while Germany...
Forex traders who employ technical analysis techniques often just use past exchange rate movements seen in the market to forecast the future exchange rate behavior. Technical analysis takes many forms, and might including looking over forex charts...
USDCAD’s downtrend extended further to as low as 0.9930. Deeper decline is still possible in a couple of weeks and next target would be at 0.9500 area. Resistance is now at the falling trend line on daily...
USDCHF breaks above 1.0785 resistance. Further rally towards 1.0898 previous high is still possible next week. As long as this level holds, we’d expect downtrend to resume and another fall to 1.0200 would more likely be seen,...
USDJPY is forming a cycle bottom at 91.60 level on daily chart. Key resistance is at 94.68, a break above this level will confirm the cycle bottom and indicate that the uptrend from 88.14 has resumed, then...
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise towards 0.9404 previous high is still possible after consolidation, and a break above this level will trigger another rise...
GBPUSD is in consolidation of downtrend from 1.7042 (Aug 5, 2009 high). Further rise towards the upper boundary of the falling price channel is expected next week and pullback would more likely be seen after touching the...
