Update Time: 29 Aug 2011 17:20GMT DAILY EUR/JPY CROSS OUTLOOK – +111.55+ Euro’s intra-day breach of last wk’s 111.64 topsignals the rise fm this month’s low at 108.01 toretrace MT decline has resumed n further gain to112.00/10...
Market Review – 29/08/2011 21:58 GMT Dollar rises versus yen and franc on risk appetite The greenback strengthened against the Japanese yen and the Swiss franc Monday due to rally of U.S. and European stock markets as...
Bernanke’s sober assessment of the US economic condition at the Jackson Hole Symposium in Wyoming initially drove many investors into the value of the dollar as a vote of confidence that further measures could be taken, but...
The USD/CAD pair fell on Friday as traders reacted to the news that the Fed wasn’t necessarily going forward with anymore easing as the economy in the US didn’t need it. It also stated that the tools...
The AUD/USD pair rose on Friday as traders bought risk-related assets after the Bernanke speech at Jackson Hole. The lack of need for more QE in the US gave a lot of traders hope for more economic...
The USD/CHF pair finally managed to break above the 0.80 level on Friday, and is closing about 70 pips above that line. This area has been very resistive over the last several sessions, and represents a serious...
The GBP/USD pair fell again on Friday, but managed a reversal in the middle of the session after the Federal Reserve Chairman said in his speech that the US didn’t need more QE, and this started a...
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...
