U.S. Unemployment Claims Data to Drive USD Trading Today

by ForexCycle.com | June 18, 2009 8:24 am
The market is set to go increasingly volatile today on the publication of U.S. Unemployment Claims at 12:30 GMT and the Philly Fed Manufacturing Index at 14:00 GMT, and Treasury Secretary Timothy Geithner’s speech at 13:30 GMT...

ForexPros.com Daily Analysis — 18 June 2009

by forexpros.com | June 18, 2009 7:57 am
EUR/USD The last three days have seen the EUR march higher.  This has created a short term uptrend.  Support is at 1.3910, with trend line support at 1.3860, and beyond that 1.3820, 1.3800.

ForexPros.com Daily Analysis — 17 June 2009

by forexpros.com | June 17, 2009 11:31 am
EUR/USD Pulls Off Lows The pair pull off the early lows set yesterday. The 1.3750 level held on the downside but the 1.3935 area also held on the upside.

British Pound May Dominate Today’s Market

by ForexCycle.com | June 17, 2009 8:23 am
As the USD shows unclear signals about where it is heading, and the EUR appears to be following the lead of the greenback, the market’s primary currencies seem to be confusing the bulk of forex traders. On...

Return to Risk Aversion over Negative U.S Data

by ForexCycle.com | June 16, 2009 8:14 am
The USD and JPY regained their status as safe-haven currencies after the release of worse than forecasted economic data from the Empire State Manufacturing Index and TIC Long-Term Purchases reports and a subsequent return to risk aversion....

ForexPros.com Daily Analysis — 16 June 2009

by forexpros.com | June 16, 2009 7:57 am
EUR/USD Breaks Support The pair broke below the 1.3800 level.  A sustained break of this level points to a further decline in the rate as indicated by the topping pattern.  So far the pair has managed to...

Dollar Up as Russia Sees No Other Alternative to the U.S. Currency

by ForexCycle.com | June 15, 2009 7:50 am
The EUR came under selling pressure against the greenback on Monday after the UK Daily Telegraph reported on its website that Germany’s top industrial group has warned that Germany’s credit crunch is deepening. The dollar also drew...

ForexPros.com Daily Analysis — 15 June 2009

by forexpros.com | June 15, 2009 7:39 am
EUR/USD Bigger Correction? The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range.  Support should be found at 1.3940, 1.3900 and beyond that 1.3800.  A move...

G20 Summit and U.S. Consumer Sentiment Set To Dominate USD Trading

by ForexCycle.com | June 12, 2009 8:21 am
Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import...

EUR and USD in Struggle for Dominance

by ForexCycle.com | June 11, 2009 8:09 am
With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This pair has been range-trading for the previous week as the two currencies struggle for dominance of the currency market....