The U.S. dollar dropped against most of the major currencies, especially the euro, ahead of the Congressional Election results. The main reason for the dollar’s fall is the speculation regarding asset purchases by the Federal Reserve.
Market Review – 02/11/2010 23:07 GMTEuro rallies against dollar on speculation of Fed easing The single currency surged against dollar on Tuesday as investors forecasted that U.S. Fed will announce the second round of quantitative easing on...
AUD/USD is about to continue the long term uptrend and develop wave 5 of weekly degree. As far as wave count on smaller timeframes is concerned, this pair is developing wave C of the med term uptrend...
The next FOMC quantitative easing measures are driving the markets. Asian and European trading sessions: Euro: On Monday the EUR/USD rate showed maximums around the $1.4010 mark, and decreased to $1.3950.
ForexPros Daily Analysis November 02, 2010 Pound Trying to Break Range, Yen Near All Time Low — Euro Dollar The euro is in a range, in a wedge. The range is narrowing into a wedge.Euro is holding...
USD/JPY: During the navigation of the 20 previous trading sessions, the pair tried to cross several times the support of 80.42 but failed. AUD/CAD:The navigation of the last three weeks didn’t stop and is still moving between...
The U.S dollar rose on Monday, spurred by strong U.S. and Chinese manufacturing data, as investors awaited mid-term U.S. congressional elections and more monetary easing from the Federal Reserve in the days ahead.
Greetings. Let’s take a look at the EUR/USD. Keep in mind, this is a longer term view and will not happen this week. It seems we’re forming a Contracting Triangle (CT) as part of a Wave 4...
Market Review – 01/11/2010 23:00 GMTEuro falls against dollar on upbeat US manufacturing dataThe single currency tanked against dollar on Monday as upbeat U.S. manufacturing data prompted investors to reduce their short positions on dollar ahead of...
On 4-hour graph, the USD/CAD pair tests the support level of 1.0155. In case this level is broken through we expect the decline to 0.9980 with the next target at 0.9930.
