GBPUSD’s rise from 1.5781 extended to as high as 1.6617. Further rise to test 1.6745 resistance is still possible next week, as long as this level holds, we’d expect downtrend to resume, and pullback to 1.5900-1.6000 area...
EURUSD is facing the resistance of the upper border of the price channel on daily chart, as long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of...
Greenback wins back its previous losses.
ForexPros Daily Analysis August 19, 2011 Euro, Pound Bouncing off Next Long, Yen Still Hugging Lows Euro: On the daily, the euro spent the last couple of days in short setups into the next half way back...
A short series of data released yesterday painted a weaker picture for the global economy’s growth. Weekly unemployment claims in the US saw a worse than forecast rise, hitting 408,000 for the past week.
The AUD/USD pair fell hard on Thursday as traders got bad news out of the US, and the European debt fears continue to take center stage.
Thursday saw a selloff in the EUR/USD again. The 1.45 area seems to be an area that sellers are willing to step in and get involved, and this past time has been no different.
GBP/USD fell as the world got spooked by fears coming out of Europe involving the debt crisis, and the Philly Fed numbers came in very poor. The reality is that the world could be slipping into recession,...
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off...
The USD/CHF pair remains somewhat stagnant as the trading community currently fears whatever means the Swiss National Bank are willing to take in order to keep the value of the Franc down.
