USDCHF broke below 0.9463 previous low, suggesting that the downtrend from 1.1730 has resumed. Deeper decline is still possible next week and next target would be at 0.9000 zone. Resistance is at 0.9650, as long as this...
USDJPY’s fall from 84.50 extended to as low as 80.93 level. Deeper decline to test 80.30 previous low support is possible next week, a breakdown below this level will indicate that the downtrend from 94.98 (May 5,...
AUDUSD broke above 1.0182 previous high and reached as high as 1.0255 level. Further rise is still possible next week and next target would be at 1.0500 area. Support is at 1.0100 followed by 0.9980, only break...
Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...
EURUSD moved sideways in a range between 1.2969 and 1.3497. The price action in the trading range is treated as consolidation of downtrend from 1.4281, as long as 1.3497 resistance holds, another fall towards 1.2500 is still...
The euro strengthened yesterday against most of the major currencies after reports showed better-than-expected figures for the U.S. economy. In a speech yesterday, German Chancellor Angela Merkel called to strengthen the euro, stating that the euro is...
Market Review – 30/12/2010 21:40 GMT Dollar rebounds from 7-week low against yen on upbeat US economic data The dollar recovered from a fresh 7-week low against the Japanese yen on Thursday as U.S. initial jobless claims...
Today we will got acquainted with two last in this week data releases coming from USA. Namely Initial Claims and Pending Home Sales. Data stating current condition of labor market is expected to improve this week and...
The USD/JPY has fallen for the past 6 consecutive trading days as Japanese exporters buy the yen. This one-sided trade and the sharp losses in the pair may force the Japanese Ministry of Finance to intervene in...
Market Review – 29/12/2010 21:37 GMT Dollar falls as strong Treasury demand hits bond yields The dollar fell to a 7-week low against the Japanese yen after the auction of 7-year Treasury notes was met with strong...
