Category: Daily Forex Reports

ForexPros Daily Analysis December 20, 2010 Euro Dollar: Friday’s action seems to confirm the short at 1.33777, with a target of 1.27715. I would like to see a close below 1.31445 to confirm the short.

Confusion over if and when the Irish bailout will occur, has caused the euro to extend its losses from last week in overnight trading. Against the USD, the 16-nation currency dropped as low as 1.3126 before staging...

Market Review – 17/12/2010 21:42 GMT Euro tumbles after Moody’s downgrades Ireland by five notches The single currency tumbled against the U.S. dollar on Friday after Moody’s downgraded rating of Ireland to BAA1 from AA2 and said...

NZD/USD: For several weeks, the pair is on a downtrend. During the last session, a support at 0.7399 was broken down.AUD/JPY: A few sessions ago, the pair crossed the daily resistance at 82.85.

On a 4-hour chart the GBP/JPY is rolling back after it breached the resistance level of 132.17. Nonetheless, the viewpoint on the currency pair is bullish, since the breakout of this level will target the currency pair...

Expectations for the EC meeting in Brussels. Asian and European trading sessions: Euro: The euro was under pressure due to the debt problems of some of the EC countries that weigh on the whole EC situation. During...

Market Review – 16/12/2010 21:55 GMT Euro recovers as European leaders discuss solving the region’s debt crisis Euro edged higher against the dollar on Thursday after EU leaders agreed to set up a permanent crisis management mechanism...

EUR/GBP: For the last three weeks, the pair is moving aside between 0.8528 and 0.8348. During the previous session, the resistance 0.8528 was broken up but …CAD/JPY: For about a month and a half, the pair is...