The euro strengthened yesterday against most of the major currencies after reports showed better-than-expected figures for the U.S. economy. In a speech yesterday, German Chancellor Angela Merkel called to strengthen the euro, stating that the euro is...
Market Review – 30/12/2010 21:40 GMT Dollar rebounds from 7-week low against yen on upbeat US economic data The dollar recovered from a fresh 7-week low against the Japanese yen on Thursday as U.S. initial jobless claims...
Today we will got acquainted with two last in this week data releases coming from USA. Namely Initial Claims and Pending Home Sales. Data stating current condition of labor market is expected to improve this week and...
The USD/JPY has fallen for the past 6 consecutive trading days as Japanese exporters buy the yen. This one-sided trade and the sharp losses in the pair may force the Japanese Ministry of Finance to intervene in...
Market Review – 29/12/2010 21:37 GMT Dollar falls as strong Treasury demand hits bond yields The dollar fell to a 7-week low against the Japanese yen after the auction of 7-year Treasury notes was met with strong...
Overview:Euro has been demonstrating uncertain holiday movement, thus it is recommended to refrain from trading. The sell signal has been cancelled, instead a new buy signal with target level 1.3397 has been formed. The formed signal already...
ForexPros Daily Analysis December 29, 2010 I remembered the other reason why to refrain to trade during the holiday. Trading is as slow as the molasses you put in your holiday desserts and can lead to impatience...
The release of the M3 Money Supply report today at 9:00 GMT could help boost the EUR in today’s early morning hours if the report reveals a growth beyond expectations; suggesting growth in spending and investment, as...
Market Review – 28/12/2010 21:40 GMT Dollar recovers against Japanese yen, hits record low against Swiss franc The greenback fell to a 3 1/2-week low of 81.81 against the Japanese yen as yen was supported by robust...
On a 4-hour graph the USD/CHF is descending again after it failed to break through the support level near 0.9645-0.9669. The viewpoint on the currency pair is still bearish. As mentioned before, the breakout of the support...
