ForexPros Daily Analysis January 25, 2010 Fundamental Analysis: German Ifo Business Climate Index Traders look forward to the publication of the German Information and Foschung (Ifo) Business Climate Index tomorrow (January 26). The index determines the business...
Market Notes: The Swiss National Bank president Philipp Hildebrand repeated on Friday that they will prevent any excessive appreciation of the Swiss franc.There are rumors that Bernanke’s reelection on Tuesday is in jeopardy.Dow Jones and S&P500 have...
GBP/USD Open 1.6112 High 1.6392 Low 1.6200 Close 1.6099Pound/Dollar rose on Friday, as expected, to the 1.6275 top, from where started declining down to the 1.6082 bottom, closing the week at 1.6099. After being subject to heavy...
MAJOR HEADLINES – PREVIOUS SESSION CA Nov. Retail Sales out at -0.3% m/m vs. -0.2% expected and revised +1.0% prior AU Q4 Producer Price Index out at -0.4% q/q, -1.5% y/y vs. +0.1%/-0.9% expected and 0.1%/0.2% prior...
The Dollar and the Yen, the two strongest currencies of last week’s trading session, are likely to be shaken this week, as interest rates announcement from both the U.S. and Japan are expected. Any manipulation of rates...
EUR/USD Open 1.4152 High 1.4181 Low 1.4071 Close 1.4130Euro/Dollar traded above the 1.4034 support on Friday and above the 20 and 50 EMA, partly recovering from previous’ days losses, closing the week at 1.4130. We expect only...
Being contained by 1.0206 previous low support, USDCAD bounced sharply from 1.0224, suggesting that a cycle bottom had been formed on daily chart. Further rally to test 1.0748 resistance is expected next week.
As expected, USDCHF formed a cycle bottom at 1.0132 level on daily chart. Now the bounce from 1.0132 is treated as resumption of uptrend from 0.9917. Further rally is in favor and next target would be at...
USDJPY’s fall from 93.75 extends to as low as 89.78 level. Deeper decline is still possible next week and next target would be at 89.00 or even 88.00. Resistance is at 91.00, as long as this level...
AUDUSD failed to break above 0.9404 resistance and pulled back from 0.9327 level, suggesting that a cycle top had been formed on daily chart. Pullback towards 0.8734 previous low would more likely be seen next week.
