Quite a slow day for main pair is to experience. None of considerable Euro zone economic indicators will be issued today. Solely one significant data release coming from U.S. economy is planned on today session.
Moving averages are extremely helpful tools in determining trend direction and intensity, but the longer averages significantly lag the market when a turn comes. Evaluating shorter term moving averages can be more useful in these situations.
The US dollar saw gains against most of its main currency rivals yesterday, as investors chose to focus their attention on the prospect that tax cuts will be extended in the US. The hope is that the...
Market Review – 08/12/2010 21:21 GMT Dollar rises against yen as higher Treasury yields flag growth The dollar surged against the Japanese yen on Wednesday due to speculation that the early proposed extension of tax cuts would...
The NZD/USD is strongly declining after it could not break through the resistance level near the Fibonacci correction level 50.0.
ForexPros Daily Analysis December 08, 2010 The EURUSD pair has hit a major support at 1.31948 and has moved back up. However, from my previous analysis of this pair, it has broken down the major support on...
The USD and EUR continued to offer a complex mix on Tuesday as the greenback gained against the Single Currency. Nervous sentiment has not abated regarding either currency as a great wave of debate has ensued about...
EURUSD The Euro has now pulled back to the 100 period EMA, and is stalled in the key resistance area between 1.33 amd 1.3450 (first established back in September). The 50 EMA remains below the 100 EMA,...
The US dollar rallied in the New York session to close higher versus the majors while dragging down the price of commodities. An agreement between President Obama and Republican congressman to extend Bush era tax cuts spurred...
AUD/CAD:The last four sessions were marked by a technical correction of the previous downtrend. USD/CHF: A new uptrend started after 2 sessions of a strong and sharp downtrend, and the end of the preceding uptrend. However, this...
