AUDUSD’s rise from 1.0440 extended to as high as 1.0773. As long as 1.1011 key resistance holds, the rise is treated as consolidation of downtrend from 1.1011, and another fall towards 1.0250 is still possible after consolidation.
GBPUSD had formed a cycle bottom at 1.6059 on daily chart. Further rise towards 1.6745 previous high could be seen next week, a break above this level will indicate that the uptrend from 1.5344 (Dec 28, 2010...
EURUSD’s rise from 1.3969 extended to as high as 1.4642. As long as 1.4939 key resistance holds, the rise is treated as correction of downtrend from 1.4939, and another fall towards 1.3500 is still possible. However, a...
06/03/2011 15:54 UTC USD swings lower as it weakens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for USD is 4 out of 8, thus suggesting that the current swing may be...
06/03/2011 14:47 UTC AUD swings higher as it strengthens against the USD, JPY, NZD, CAD and GBP. Recent mid-term strength indicator reading for AUD is 2 out of 8, thus suggesting that the current swing may be...
06/03/2011 12:31 UTC AUD swings lower as it weakens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for AUD is 2 out of 8, thus suggesting that the current swing may be...
06/03/2011 08:48 UTC GBP swings lower as it weakens against the USD, EUR, JPY, CHF and CAD. Recent mid-term strength indicator reading for GBP is 3 out of 8, thus suggesting that the current swing may be...
Wall Street finished lower Thursday as investors braced for Friday’s monthly employment report. People are worried about today’s number, because it really is a gamble now. The weather impacted in months prior, and then in April we...
With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
The jobless numbers will be released from the U.S. today and because of this the broad markets can be expected to practice caution before the figures are known. The EUR continued to hammer away at the USD...
