Category: Daily Forex Reports

The U.S dollar held near its lowest levels in 6 months against the euro on Monday after Federal Reserve officials said more quantitative easing might be needed if the U.S. economic outlook remained weak.

Market Review – 01/10/2010 22:23 GMTEuro rallies to a six-month high against dollar on Fed Dudley’s dovish commentsEuro rose strongly to a 6-month high of 1.3793 against the greenback on Friday after dovish comments from NY Fed...

The metal continues trading within the main ascending channel over medium term basis, and lately it breached the neckline for a continuation bullish pattern at 560.00 signaling that trading is to continue within the ascending channel. 

The end of the month brought a volatile trading day as US GDP and weekly unemployment numbers were released. Irish Banking woes continue to weigh on the markets but failed to slow a strong month for equities.

Crude inclined as expected yesterday and currently consolidating above 80.00 areas. We have mixed signals on the chart above, where crude breached the 76.4% Fibonacci correction and approaching the resistance for the ascending channel structuring the current...

01 Oct Daily Analysis on FXClick to view larger image:

As wave count shows this currency pair is trading in daily corrective downwave B – colored royal blue on the chart. Within this wave there’s a set of 3 subwaves – colored magenta – with wave still...