Category: Daily Forex Reports

Hello. Let’s take a look at the USD/CHF hourly chart. The overall (longer) term appears to be down and we may see more potential downward movement in the shorter term.

The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally...

On Friday, January 21, the market profile for the British pound formed a trend day. We can see the pound declining to the key support levels in the beginning of the day. These levels worked as a...

This week the EUR/GBP pair is trading up this week after a slight rollback. As mentioned before, successful breakout of the support level near 0.8430-0.8450 targeted the pair to 0.8143.The view on the currency pair remains bearish...

Released Chinese data pressured the high-risk assets. Asian and European trading sessions:

The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit...

Market Review – 20/01/2011 17:30 GMT The greenback rebounds broadly on strong U.S. economic data The dollar rebounded across the board on Thursday after economic data showed U.S. economic recovery was on track and the dollar index...