GBPUSD stays in a trend line from 1.6298 to 1.5910 and remains in downtrend, the bounce from 1.5344 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is expected to continue...
After a sideways consolidation, EURUSD continued its downward movement from 1.4281 and reached as low as 1.2904 level. Further decline is still possible next week and next target would be at 1.2600-1.2700 area. Key resistance is at...
Update Time: 06 Jan 2011 20:59GMT INTRA-DAY USD/JPY OUTLOOK – +83.35+ As dlr has rebounded after finding renewed buy-ing abv European low of 82.88, consolidation withupside bias is retained, abv intra-day 83.40 highneeded to extend this week’s...
The publication of the Non-Farm Payroll (NFP) data from the US at 13:30 GMT today is without a doubt the leading publication on the economic calendar. If this highly impactful employment report comes in line with Wednesday’s...
Market Review – 06/01/2011 21:36 GMT Euro falls below $1.30 level to a 5-week low against dollar The single currency tumbled to a five-week low against the dollar on Thursday as the recent release of upbeat U.S....
The greenback rallied yesterday on a report that hiring picked up in the month of December. Following better than expected inventory numbers the price of crude oil came off a 3-week low to trade above the $90...
Market Review – 05/01/2011 21:53 GMT Dollar surges due to robust U.S. economic data The dollar rose sharply on Wednesday after a slew of upbeat U.S. economic data suggested the U.S. economy was on a steady path...
The dollar gained against most of its major currency rivals yesterday, partly due to expectations that this week’s labor reports will provide further evidence that the U.S. economy is recovering. The first of these reports is the...
Market Review – 04/01/2011 21:21 GMT Dollar rises on upbeat US economic data The dollar recovered from 3-week low against euro on Tuesday as robust U.S. economic data suggested the U.S. economy was gaining strength and bolstered...
Main currency pair is currently leveling downward correction that began on Friday. Strong resistance that may hinder or even stop further Euro appreciation is green trend line (chart below). In scenario of breaching mentioned trend line, target...
