Market Review – 06/03/2010 01:30GMT Yen weakens against most currencies after better-than-expected U.S. jobs report The dollar fell against most of G7 currencies except the yen as U.S. non-farm payrolls showed fewer Americans lost jobs last month...
USDCAD is facing the previous low support at 1.0224, a breakdown below this level will indicate that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed, then next target would be at 1.000 area. On...
USDCHF formed a cycle top at 1.0898 level on daily chart. Range trading between 1.0608 and 1.0898 is expected. As long as 1.0608 support holds, one more rise to 1.1000 is still possible. However, a break below...
USDJPY remains in downtrend from 93.75. Another fall towards 84.82 previous low is still possible. Resistance is at the falling trend line from 93.75 to 92.14, as long as the trend line resistance holds, downtrend could be...
AUDUSD broke above 0.9070 previous high, suggesting that another rally to 0.9200-0.9250 is underway. Support is now at the rising trend line from 0.8577 to 0.8801, key support is at 0.8801, only fall below this level could...
GBPUSD stays below a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected to continue and deeper decline to 1.4600 area is...
EURUSD might be forming a cycle bottom at 1.3435 level on daily chart. Range trading between 1.3435 and 1.3838 is expected next week. Resistance is at the falling trend line from 1.5144 to 1.4579, key resistance is...
GBP/USD Open 1.5030 High 1.5132 Low 1.4863 Close 1.5032Pound/Dollar traded hesitantly on Thursday within the 1.5012 – 1.5124 range, closing the day at 1.5032. Today at 9:30 are the PPI and Halifax housing. As quotes are still...
Past Events: • EUR Minimum Bid Rate out at 1.0% versus expected 1.0%, prior 1.0%• GBP Official Bank Rate out at 0.5% versus expected 0.5%, prior 0.5%• GBP Asset Purchase Facility out at 200B versus expected 200B,...
The forex market is bracing itself for some heavy volatility as the U.S. Non-Farm Payrolls figure is set to be released today. The monthly report is one of the most significant market indicators and will heavily impact...
