AUDUSD Analysis – February 27, 2010
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we’d expected uptrend to...
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GBPUSD Analysis – February 27, 2010
GBPUSD remains in downtrend from 1.6456. Further decline is still possible next week and next target would be at 1.5000 area. Resistance is now located at the upper border of the falling price channel on daily chart,...
EURUSD Analysis – February 27, 2010
EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. As long as 1.3838 resistance holds, another fall towards...
USD/JPY 89.39 – 26 February 2010
USD/JPY Open 89.26 High 90.30 Low 88.84 Close 89.04Dollar/Yen continued depreciating on Thursday from the 90.30 top, down to the 88.84 bottom, closing the day at 89.04. The Dollar showed weakness against the Yen this week as...
GBP/USD 1.5293 – 26 February 2010
GBP/USD Open 1.5237 High 1.5420 Low 1.5194 Close 1.5261Pound/Dollar continued depreciating on Thursday, as expected, from 1.5420 down to 1.5194, closing the day at 1.5261. Today’s focus is on the GDP Q4 at 9:30 GMT. As on...
Daily Forex Analysis by Finexo.com 26/02/2010
Past events: • GBP CBI Realized out at 23, versus expected -1, prior -8• USD Core Durable Goods Orders m/m out at -0.6%, versus expected 1.1%, prior 2.0%• USD Unemployment Claims out at 496K, versus expected 461K,...
Bernanke Reaffirms Low Interest Rates
Rumors of another possible downgrade of Greece by Standard & Poor convinced traders to sell the EUR in favor of higher yielding currencies like the Yen, as well as the EUR’s traditional rival, the USD. But the...
GBP/USD Market Moving News by AceTrader
GBP/USD – 1.5365.. Although sterling is enjoying a short period of respite in Asia after y’day’s sharp descent to an 8-month low of 1.5187 (NY) n managed a short-covering rebound in tandem with euro to 1.5295 in...
EUR/USD Market moving news by AceTrader
EUR/USD – 1.3580.. The fact that euro was able to stage a strg rebound y’day after trading just abv last Friday’s 1.3443 low suggests the resolve of certain key player(s) was strg enough to defend this lvl...
EUR/USD 1.3601 – 26 February 2010
EUR/USD Open 1.3535 High 1.3621 Low 1.3455 Close 1.3547Along with other economic events, today UK and US GDP Q4 will be released at 9:30 and 13:30 GMT, which may bring volatility to the market. After couple of...