USDCHF Analysis – April 17, 2010
USDCHF has formed a cycle top at 1.0785 level on daily chart. Fall to 1.0200-1.0300 to reach next cycle bottom is expected in a couple of weeks. Key resistance is now located at 1.0785, only rise above...
Month: April 2010
USDJPY Analysis – April 17, 2010
USDJPY has formed a cycle top at 94.68 level on daily. Deeper decline is now in favor and next target would be at 90.00-91.00 area. Resistance is now at 93.70, only rise above this level could indicate...
AUDUSD Analysis – April 17, 2010
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top is being formed on daily chart. Deeper decline towards the lower border of the rising price channel is expected next...
GBPUSD Analysis – April 17, 2010
GBPUSD is in consolidation of long term downtrend from 1.7042 (Aug 5, 2009 high). Rise towards the upper boundary of the falling price channel on daily chart is still possible next week. As long as the channel...
EURUSD Analysis – April 17, 2010
EURUSD stays in a trading range between 1.3267 and 1.3817. As long as 1.3817 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.5144 and another fall towards 1.3000 area...
The US stock market review
On Thursday, the US stock indices increased to a 19-month high. As the growth leaders performed the industrial companies stocks, which were up after the release of the data showing the improvement of the industrial sector conditions.
USD/JPY 92.72 – 16 April 2010
USD/JPY Open 93.04 High 93.51 Low 92.90 Close 93.00Dollar/Yen was trading hesitantly this week within the 92.51 – 93.60 range, in line with the unconvincing Interbank sentiment at around -11%.
EUR Falls on Renewed Greek Fiscal Worries
The euro dropped across the board as Greek sovereign-debt concerns sparked a sell off in the 16-nation currency. However, the currency limited its losses after it was announced that Greek leaders have met with IMF officials as...
GBP/USD 1.5413 – 16 April 2010
GBP/USD Open 1.5462 High 1.5523 Low 1.5390 Close 1.5494Pound/Dollar also depreciated on Thursday, in line with the Interbank sentiment, at nearly -10%. The Cable decreased yesterday from 1.5523 to 1.5390, closing the day at 1.5494. Today Sterling...
Daily Forex Analysis by Finexo.com 16/04/2010
Past Events: • USD Unemployment Claims out at 484K, versus expected 439K, prior 460K• USD TIC Long-Term Purchases 47.1B, versus expected 34.2B, prior 15.0B (revised)• USD Empire State Manufacturing Index out at 31.9 versus expected24.0, prior 22.9•...