05/24/2011 08:07 UTC JPY swings lower as it weakens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...
AUD/USD Time: 20.40 Rate 1.0503 Strategy: short Daily time frame
The euro paired its sharp losses versus the US dollar yesterday but judging from the recent price action momentum has shifted against the 17-nation currency.
The broad marketplace continued to display cautious sentiment on Monday. Global equity markets declined. Wall Street experienced steep losses on the major indexes as downward pressure continued to mount. The USD held steady against the EUR and...
05/24/2011 06:57 UTC USD swings lower as it weakens against the EUR, JPY, CHF, AUD and NZD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
The Dollar Index (DXM11) reached major resistance zone of 76.50; Weekly close above 76.50 would post short-term bottom. On the lower side, 74.40 is expected to act as critical support for Dollar Index (DXM11), only weekly close...
05/23/2011 23:33 UTC CHF swings lower as it weakens against the USD, JPY, CAD, EUR and NZD. Recent mid-term strength indicator reading for CHF is 7 out of 8, thus suggesting that the current swing may be...
Market review for 16 – 20. 05, 2011
ForexPros Daily Analysis May 23, 2011 Euro: On the daily, the euro is in measured moves short from its 50% at 1.43167, with a target at 1.39146, with coincides with the next full traditional 50% long at...
Renewed tensions surrounding Europe and the peripheral nations’ debt crisis combined with weak US economic data has helped to drive the dollar rally for the third week.
