USD/JPY fell hard during the Friday session as traders piled into the Yen. The USD in general fell in value around the world as Bernanke stated in his Jackson Hole press conference that the US economy didn’t...
The EUR/USD pair closed the day on Friday knocking on the door of the 1.45 resistance level, and as such – looks very bullish at the moment. However, this level has repelled the bulls several times, and...
ForexPros Daily Analysis August 26, 2011 Euro In Long Wedge, Pound in Shorts, Yen Rebounding Be careful trading overnight ahead of Bernanke’s speech at Jackson Hole Wyoming. Last year the same event sent the markets into a...
Demand for the high-risk assets drops.
The Dollar Index is trading flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-74.50 ranges in the short-term and...
Federal Reserve Board Chairman Ben Bernanke’s testimony during the weekend Jackson Hole Symposium is expected to cause a stir in forex markets at this week’s closing with expectations for an update on the speculated third round of...
AUD/USD fell after first rising on Thursday. The pair failed to stay above the 1.05 level again, and it appears that the path of least resistance is down at this point. However, with the Jackson Hole announcement...
The EUR/USD pair fell slightly on Thursday as traders sold off risk in the global stock markets. The Europeans adding more short selling bans in their stock markets show exactly how desperate the situation is becoming in...
The GBP/USD pair fell on Thursday, continuing a move that started on Wednesday. The pair looks extraordinarily weak, as it keeps falling. The 1.6250 area should serve as some kind of minor support, but this latest move...
The USD/CAD pair fell, and then found support at the 0.9800 level on Thursday. The pair is bearish overall, but over the course of the last couple of weeks has found a bid. The oil markets and...
