The USD surrendered slim gains on Friday, resuming its bearish momentum against a basket of currencies on expectations Interest Rates will remain low in the U.S. Low rates make the U.S. Dollar less attractive than higher-yield currencies...
by Johan Kriek (
[email protected]) Key events today: Eurozone PMI @ 8:00GMT UK GDP @ 08:30GMT US Existing Home Sales @ 14:00 Probability Studies:
EUR/USD Open 1.5029 High 1.5058 Low 1.4948 Close 1.5027 On Thursday Euro/Dollar made insignificant ascending movement with just over 100 pips. The currency couple tried to drop, reaching a bottom at 1.4948, from where it started ascending...
USD/JPY Open 90.91 High 91.57 Low 90.50 Close 90.97 On Wednesday Dollar/Yen traded with volatility upwards. On the 3 hour chart the downward channel was broken upwards, indicating failure of the bears and strengthening of the Dollar,...
GBP/USD Open 1.6610 High 1.6636 Low 1.6349 Close 1.6606 On Wednesday Pound/Dollar climbed with nearly 300 pips, from the 1.6349 bottom to the 1.6636 top, where rising was limited at the upper limit of the bearish channel,...
Witnessing a steady decline during this week’s trading sessions, the USD became weakened as traders unwound their Dollar-buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one...
by Johan Kriek (
[email protected]) Key events today: – Eurozone Current Account @ 8:00GMT – UK Retail Sales @ 08:30GMT – US Jobless Claims @ 12:30GMT – US House Price Index @ 14:00 GMT Probability Studies:
EUR/USD Open 1.5017 High 1.5048 Low 1.4888 Close 1.5014 Euro/Dollar made significant ascending movement on Wednesday, breaking up the psychological 1.5000 level. Technically, this fact opens a way for stronger upward impulse toward next objective 1.5170 in...
Forexpros Daily Analysis Oct 21, 2009 The US Department of Labor will publish its weekly Initial Jobless Claims Report Tomorrow (22 Oct). The Report is a measure of the number of people who file for unemployment benefits...
USD/JPY Open 90.68 High 91.05 Low 90.08 Close 90.69 Dollar/Yen traded consolidated down to 90.08 on Tuesday, from where sharply rose with around 100 pips, closing the day at 90.69. On the 3 hour chart, after breaking...
