by Johan Kriek (
[email protected]) Key events: – US inflation figures in the form op PPI at 12:30GMT Key notes: – Price is consolidating across the board. If you are patient enough to wait for those breakouts you...
Forexpros Daily Analysis Oct 19, 2009 — Traders await the Bank of Canada’s (BOC) decision on short term interest rate which will be announced tomorrow (Tuesday, 20/10). The decision on where to set interest rates depends mostly...
Following a week that predominately delivered remarkable record highs for gold, in addition to new lows for the Dollar; the main question is whether this trend will extend. Perhaps not and we’ll witness a change in trends...
by Johan Kriek (
[email protected]) The US dollar was sold off vs. the majors this week. The Japanese Yen benefited hugely. Will this trend continue next week? I don’t know. The only thing I do know is that...
USD/JPY Open 90.65 High 91.27 Low 89.31 Close 90.54 On Thursday Dollar/Yen made a significant ascending movement. On the 3 hour chart the downward channel was broken upwards and quotes now move above 90.60. Our preferable scenario...
GBP/USD Open 1.6285 High 1.6400 Low 1.5993 Close 1.6267 Yesterday Pound/Dollar made a significant upward movement. The cable climbed from 1.5993 with nearly 300 pips, closing the day at 1.6267. This morning ascending continued to the key...
The movement in the forex market today is set to be driven by the release of crucial U.S. data. Amongst the most important of these publications are the TIC Long-Term Purchases, Industrial Production and Prelim UoM Consumer...
EUR/USD Open 1.4940 High 1.4966 Low 1.4855 Close 1.4944 On Thursday Euro/Dollar made a deep correctional movement, reaching a bottom at 1.4855, and closing the day at 1.4944. The 1.4966 level is a key resistance zone, the...
GBP/USD Open 1.5995 High 1.6134 Low 1.5902 Close 1.5981 Pound/Dollar could not continue the downward scenario yesterday and followed the Euro upwards. On the 3 hour chart after failing to hold under 1.5753, quotes rose sharply, taking...
The U.S. Unemployment Claims and U.S. Core CPI data are set to drive forex trading today when they are released at 12:30 GMT. If strong economic data continues to be published from the U.S, U.K and Europe...
