GBP/USD Open 1.6309 High 1.6320 Low 1.6189 Close 1.6311Pound/Dollar traded hesitantly on Monday within the 1.6189 – 1.6320 range, forming divergence on the the daily chart, which indicates consolidation phase for the Cable. Signals are neutral in...
USD Risk Appetite was boosted on Monday after Abu-Dhabi announced a ten billion Dollar (US) bailout of Dubai’s “Dubai World” holding company which announced two weeks ago that it will need to restructure its current debt load....
The dollar fell slightly against the major currencies on Monday as signs of a sustained economic recovery and reduced concerns of a default in Dubai curbed demand for the U.S. currency as a refuge. The emirate’s move...
EUR/USD Open 1.4654 High 1.4683 Low 1.4603 Close 1.4659Euro/Dollar attempted to decrease on Monday, reaching a bottom of 1.4603, where further bearish motion was limited and quotes jumped up to the 1.4683 top, as expected, closing the...
After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back.
Forexpros Daily Analysis Dec 14, 2009 Fundamental Analysis: ZEW Economic Sentiment Report German traders await publication of the ZEW Economic Sentiment Report, which will be released tomorrow (Dec 14). The report determines sentiment among German institutional investors,...
USD The US Dollar gained broadly on Friday after a Retail Sales report came in stronger than expected, boosting the hopes, once again, that the US will move to raise interest rates sooner than initially predicted. The...
Last week’s major development was the strengthening Dollar. This has shown that a real change in the market might take place, and that the Dollar could strengthen further. The most significant news publication this week will be...
USDCAD has consolidated in a range between 1.0405 and 1.0852 for several weeks. Another fall below 1.0206 previous low would more likely be seen after consolidation. Resistance is at 1.0852, only rise above this level could signal...
USDCHF broke above 1.0337 key resistance, suggesting that the fall from 1.1021 has completed at 0.9917 already. Further rally is still possible next week and next target would be at 1.0600 area. Support is at 1.0200, only...
