ForexPros.com Daily Analysis — 4 June 2009
EUR/USD With news out of the US and the EURO zone today a larger than average range is expected (150 + pips).
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U.S Economy Awaits ADP Non Farm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP...
ForexPros.com Daily Analysis — 3 June 2009
EUR/USD Continues to March A pair has just pulled off the highs in the early Tokyo session, but the trend is still up and the bias is still up.
A Global Stock Market Rally Leads Trading
Strong economic data from the U.S, U.K and China combined with strong equity performances has led to a sell-off of the safe haven currencies and pushed investors to higher yielding, riskier currencies as many see the global...
ForexPros.com Daily Analysis — 2 June 2009
EUR/USD Awaits Breakout The pair has been stuck in a range through early trading, but the EUR is showing early signs of weakness.
High Volatility might Continue this Week
After depreciating consistently over the past few weeks, the USD is now traded over 1.41 against the EUR, and over 1.62 against the GBP. This week on Thursday, at 11.45 GMT, the ECB will deliver its periodical...
ForexPros.com Daily Analysis — 1 June 2009
EUR/USD Continues Uptrend The EUR/USD has started higher once again after bouncing off of the 1.4100 level. Resistance is currently at 1.4160. A break above this level would signal a move to 1.4220-1.4240. Beyond this there is...
Methods of Forecasting the Behavior of the Forex Market
Businesses which are involved in global trading need to be in a position to predict forex market behavior. This is essential for them when concluding deals / arranging for payments to protect themselves from the possible adverse...
Determining Forex Trading Strategy
Before we get into determining strategies for forex trading, let’s make sure we understand the core of Forex Trading. The forex market is a dynamic market place where foreign currencies are traded actively. This is normally done...
USDCAD Analysis – May 30, 2009
No changed in our view, USDCAD remains in downtrend from 1.3063 and the fall extends further to as low as 1.0891 level. More quick moves is still possible next week and the next target would be at...