forexpros.com daily analysis 10-07-2008
Today’s US Dollar Trading •USD remains two-way, volumes thin•Majors hold support, USD fails late in the day•Equities and Energies in focus due to lig•ht data
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USDCAD Analysis – Jul 9, 2008
USDCAD traded in range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long term up trend.
USDCHF Analysis – Jul 9, 2008
USDCHF formed a cycle bottom at 1.0111 on daily chart. Further rise to test 1.0539 previous high resistance could be seen in next few days. Rise above this level will signal resumption of long term up trend,...
USDJPY Analysis – Jul 9, 2008
USDJPY formed a cycle bottom at 104.98 on daily chart. Further rise is expected to test 108.58 previous high resistance, a break above this level will confirm the resumption of uptrend, and next target would be at...
AUDUSD Analysis – Jul 9, 2008
AUDUSD is forming a cycle top at 0.9667 on daily chart. Key support is at 0.9493, a break below this level will confirm the cycle top. As long as the pair stays above 0.9493, we’d expect uptrend...
GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
EURUSD Analysis – Jul 9, 2008
EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...
Volatile Trading Leads to Major Sell-Off for the USD
The USD saw a bearish trading session yesterday. Although no economic data was released with an impact, the USD was mostly affected by speculations. Impacting the greenback was the wary economic outlook from a Federal Reserve official...
The Forexpros.com Daily Analysis 08-07-2008
oday’s US Dollar Trading •G8 Summit begins•USD gives back early gains•Technical trade dominates Overnight Preview •Expect two-way action with the USD to cover a lot of the same ground again Looking Ahead to TuesdayAll times EASTERN (-5 GMT)•8:00am...
forexpros.com daily analysis
Overnight Asia/Europe •G8 Summit begins•USD rallies•Crude Oil lower Today’s Economic ReportsAll times EASTERN (-5 GMT)•None in the US Looking AheadAll times EASTERN (-5 GMT)•8:00am USD Fed Chairman Bernanke Speaks•10:00am USD Pending Home Sales•10:00am USD Wholesale Inventories