Daily GBPUSD snapshot
As Thursday elapsed, we experienced rather busy but tranquil day for British economy. Main data releases turned out to be virtually equal with forecasted values, which accounts for calm price reaction on them.
Category: Daily Forex Reports
Forex-Metal Daily Analysis – 09/12/2010
Tax benefits program supports the greenback. Asian and European trading sessions: Euro: The EUR/USD pair decreased to the level of $1,3190 during the morning trading. The euro drop was limited, since the Ireland budget has been accepted...
Candlestick analysis of the GBP/USD for December 9
On a 4-hour graph the GBP/USD is continuing to move to the upper limit of the downtrend after it failed to break out the support level of 1.5500. The viewpoint is still bearish, since earlier the pair...
Forexpros.com Daily Analysis – 09/12/2010
ForexPros Daily Analysis December 09, 2010 Euro and pound leaning on the bullish side, though they need to break their 61.8% lines to confirm trend. Yen in a large range, stuck between two opposing 50%s.
Highlight of the day – Initial Claims by FxArsenal.com
Quite a slow day for main pair is to experience. None of considerable Euro zone economic indicators will be issued today. Solely one significant data release coming from U.S. economy is planned on today session.
Catching the Turn
Moving averages are extremely helpful tools in determining trend direction and intensity, but the longer averages significantly lag the market when a turn comes. Evaluating shorter term moving averages can be more useful in these situations.
USD Poised to Extend Yesterday’s Gains
The US dollar saw gains against most of its main currency rivals yesterday, as investors chose to focus their attention on the prospect that tax cuts will be extended in the US. The hope is that the...
Daily FX Market Outlook by AceTrader-9-12-2010
Market Review – 08/12/2010 21:21 GMT Dollar rises against yen as higher Treasury yields flag growth The dollar surged against the Japanese yen on Wednesday due to speculation that the early proposed extension of tax cuts would...
Candlestick analysis of the NZD/USD for December 8
The NZD/USD is strongly declining after it could not break through the resistance level near the Fibonacci correction level 50.0.
Forexpros.com Daily Analysis – 08/12/2010
ForexPros Daily Analysis December 08, 2010 The EURUSD pair has hit a major support at 1.31948 and has moved back up. However, from my previous analysis of this pair, it has broken down the major support on...