Month: September 2010

The Dollar is under pressure ahead of the Federal Reserve meeting statements later today, as the possibility of further quantitative easing measures by the Fed weigh on the greenback.

Market Review – 20/09/2010 22:56 GMTEuro hovers near five-week high against dollar on ahead of U.S. Fed meetingThe single currency hovered near five-week high against the greenback on Monday, as investors were focusing on the FOMC meeting...

Support levels: 1.0212, 1.0101, 1.0050Resistance levels: 1.0369, 1.0511,1.0569At 4-hour graph the USD/CAD currency pair made a huge rollback upwards from the support level near 1.0212. The view on the currency pair remains bearish, as the downside trend...

In the beginning of the previous trading week market participants were inspired by the released fundamentals from China. The risk sentiment grew and the greenback was pressured on Monday.  In particular, the manufacturing production data in China...

ForexPros Daily Analysis September 20, 2010 Euro Dollar Although the Euro penetrated 1.3047 on Thursday, and jumped strongly, reaching the first suggested target 1.3145, it stopped there, and dropped from Friday high which was 1.3157, sharply. The...

After recording the bottom at 3.680, gas head to the upside within an ascending correctional channel for the decline that started from 4.993, and over daily basis we can see that a bullish formation has been completed...

A very fascinating event took place last week as the Japanese leadership decided to intervene in the national currency’s trading. As planned, the Japanese yen fell against all the major currencies. At the moment, Japan is promising...

The closing last week stabilized below support for the bullish channel shown in the image above, where it currently turns into resistance at 74.05 as it trades below the MA 50. We expect a bearish direction this week...