AUDUSD Analysis – May 9, 2009
AUDUSD remains in uptrend from 0.6284. Further rise to 0.7900-0.8000 area is possible in a couple of weeks. Initial support is at 0.7500 followed by the rising trend line on daily chart, as long as the trend...
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GBPUSD Analysis – May 9, 2009
GBPUSD broke above 1.5066 previous high and reached as high as 1.5247 level. Further rise to test the upper border of the rising price channel on daily chart is expected next week, a clear break above the...
EURUSD Analysis – May 9, 2009
EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is...
Forexpros.com Daily Market Analysis – May 7, 2009
Expected moves in EURO/USD during important event day EURO/USD was trading in the range of 1.3450-1.3230 area early in this week .It is expected to make highly volatile moves today during the BOE and ECB interest rate...
Interest Rate Decisions in Europe to Lead Today’s Market!
The hottest news available in today’s market will no doubt be the interest rate decisions by the Bank of England (BoE) and the European Central Bank (ECB) today at 11:00 and 11:45 GMT, respectively. As interest rates...
Forexpros.com Daily Analysis – May 6, 2009
EURO/USD is expected to swing and slide for today EURO/USD made the drop to 1.3248 and then rose to a high 1.3332 – a wide range swing to induce traders to make buy after rise and sell...
Dollar Breaks Losing Streak
Buying of the Dollar resumed yesterday as equities finished lower and the U.S. economy showed better than expected manufacturing data. Traders are allocating their positions accordingly as the markets prepare to absorb a glut of economic news...
Increased Optimism sets the Tone for Trading
For the year thus far, the S&P 500 index is in positive territory. With this news the price of Crude Oil has also risen to its yearly high. However, the added buoyancy is hurting the Dollar as...
The Greenback is Trending Lower on Global Recovery
The U.S. dollar approached a 3 week low against the EUR as better economic data worldwide saw investors grow increasingly confident that the worst in the global economy may be past, boosting risk appetite. The Dollar resent...
USDCAD Analysis – May 2, 2009
USDCAD remains in downtrend from 1.3063. Deeper decline is expected to test 1.1761 previous low support next week. A break below this level will signal further fall to 1.1600 zone. Initial resistance is now at the falling...