Jobless Data From States
The ECB surprised few when it raised its interest rate on Thursday by a quarter of a point. The rate increase will be debated regarding as to why it occurred. On the surface the ECB will certainly...
Month: July 2011
AUD/USD Technical Analysis for July 8, 2011
The AUD/USD pair rose again on Thursday as the bull market continues in the Aussie. The pair looks especially strong, and on a break of Thursday’s highs, we would be buyers. However, it should be kept in...
EUR/USD Technical Analysis for July 8, 2011
EUR/USD fell hard on Thursday, but managed to form a hammer right above the 1.43 area, a level that has shown it to be minor support and resistance in the past. Because of this, we feel that...
GBP/USD Technical Analysis for July 8, 2011
GBP/USD fell again on Thursday as traders are starting to shun owning the Pound across all markets. We maintain that the 1.59 mark is crucial if the bulls want any hope of staying in control That area...
USD/CAD Technical Analysis for July 8, 2011
The USD/CAD pair validated the shooting star at the 0.9650 mark on Thursday, falling down below the 0.96 handle and testing a minor support area. While it did bounce a little in late trading, the truth is...
USD/CHF Technical Analysis for July 8, 2011
USD/CHF rose on Thursday, but fell in retreat when it tested the 0.85 mark. This leads us to believe that the consolidation range between 0.83 and 0.85 will remain intact for the short-term. This pair is in...
USD/JPY Technical Analysis for July 8, 2011
USD/JPY rose on Thursday, sending the pair over the 81 mark on the close. The pair still looks very tight, and such doesn’t offer much in the way of volatility these days. Until we can break above...
Forex Traders Anticipating Bullish NFP Report?
An uptick in US private sector employment yesterday, reported by ADP, added to the risk-taking sentiment by most investors which came as a result of a rate hike in Europe. Should today’s Non-Farm Payroll (NFP) data continue...
AUD/USD analysis (July 08, 2011)
The pair has confirmed a bullish bias with a new rally on top of 1,0655 now forming a clear support. Its progress has been well capped though by the top of the daily range at 1,0790.
USD/CAD analysis (July 08, 2011)
The pair has been under intense pressure yesterday breaking below its recent low at 0,9580. We might see additional decline today if the market accelerates below yesterday’s low at 0,9570.