Euro rebounds in New York after initial fall in Australia following surprise Fed’s discount rate hike- 20/02/2010 01:49GMT The single currency fell to a 9-month low of 1.3443 against the greenback in Australia following the surprise after-market...
Quoting Convention Quotes in the currency market can be a bit confusing because any position you take in the market is actually two different positions.
Given the global nature of currency trading, the market is open for business around the clock, 24 hours a day. It is important for the trader to know the times when the major markets are active and...
Trade Balance The Trade Balance figure is a measure of net exports minus net imports. This has tended to be negative in the US in recent years as the US has primarily been a “consuming” nation. A...
USDCAD formed a cycle top at 1.0779 level on daily chart. Moving sideways without trend in a range between 1.0206 and 1.0852 is expected in next several weeks. Target for next week would be at 1.0250-1.0350 area.
USDCHF remains in uptrend from 1.0132 and the rise extends further to as high as 1.0898 level. Further rally is still possible next week and next target would be at 1.1000 area. However, next cycle top is...
USDJPY broke above the falling price channel on daily chart and bounced sharply to as high as 92.14, suggesting that a cycle bottom has been formed at 88.57 level. Another rise towards 95.00 is now in favor....
After breaking below 0.8734 support, AUDUSD bounced from 0.8577, taking price back to a trading range between 0.8577 and 0.9404. Further rally to 0.9200-0.9300 would more likely be seen after a minor consolidation. Key support is at...
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now located at 1.5815, as long as this level holds,...
EURUSD’s downward movement extends further to as low as 1.3443 level. Further decline is still possible next week and next target would be at 1.3300-1.3400 area. However, next cycle bottom is nearing, a break above 1.3838 key...
