2009-10-30: Dollar to be at the Forefront of Forex Trading TodayThe Dollar is set to be at the forefront of forex trading today. This is after The USD fell against its major counterparts on Thursday, after a string of gains in recent trading sessions. Yesterday’s behavior was the results of the confirmation that the U.S. [...] [...more]
2009-10-30: Dollar to be at the Forefront of Forex Trading TodayThe Dollar is set to be at the forefront of forex trading today. This is after The USD fell against its major counterparts on Thursday, after a string of gains in recent trading sessions. Yesterday’s behavior was the results of the confirmation that the U.S. [...] [...more]
DAILY FORECAST FOR USDCHF Bias: While 1.0200-05 caps I feel we can see direct losses to 1.0148 – take care – and probably 1.0070-92 We have just about reached the target at 1.0292-12 and while there can still be a test of this area I feel it will cap for a reversal lower. The key [...] [...more]
2009-10-29: U.S. Advanced GDP Report at Forefront of Forex Trading TodayThe surprise drop in New Home Sales in the United States yesterday has resulted in a sudden buy-up in USD as investors flock to safe-havens. With a market that appears to be lacking a clear direction recently, major reports such as the New Home Sales [...] [...more]
2009-10-29: U.S. Advanced GDP Report at Forefront of Forex Trading TodayThe surprise drop in New Home Sales in the United States yesterday has resulted in a sudden buy-up in USD as investors flock to safe-havens. With a market that appears to be lacking a clear direction recently, major reports such as the New Home Sales [...] [...more]
DAILY FORECAST FOR EURUSD Bias: We may have seen the low already but allow for 1.4674-82 but today should see a reversal higher The 1.4839 resistance held perfectly and we have reached the 1.4703 target and just a little more. Hourly momentum is showing a tentative bullish divergence and at the most I see room [...] [...more]
2009-10-27: CB Consumer Confidence Figures Set to Dominate USD TradingDollar trading today is set to be dominated by key releases from the U.S., such as the CB Consumer Confidence figures at 14:00 GMT. The speech by Treasury Secretary Timothy Geithner at 20:00 GMT is also set to be a market mover when it takes place [...] [...more]
2009-10-27: CB Consumer Confidence Figures Set to Dominate USD TradingDollar trading today is set to be dominated by key releases from the U.S., such as the CB Consumer Confidence figures at 14:00 GMT. The speech by Treasury Secretary Timothy Geithner at 20:00 GMT is also set to be a market mover when it takes place [...] [...more]
DAILY FORECAST FOR AUDJPY Bias: Momentum remains bearish so look for losses to reach the 8269-81 area minimum and possibly 81.96-13 This does look particularly bearish and probably needs both USDJPY and AUDUSD to see losses today. Early support is at 82.69-81 and this is likely to cause a temporary pullback, but I think it [...] [...more]
2009-10-26: The EUR/USD Trades Past $1.50 First Time in 14 MonthsThe U.S dollar fell against the EUR and the Yen in Asian trading this morning after an official newspaper of the Chinese central bank said China should cut its USD holdings, adding to concerns over the unit’s global reserve currency status. The greenback could weaken [...] [...more]
