Category: Daily Forex Reports

After a week of volatile trading across the broad market place, the currencies could be facing another rather tenuous few days. Today there will be very little economic data released globally, which will leave the Irish aid...

EUR/CAD: About 3 weeks ago, an important decrease process started for the pair. About a week and a half, a very important breakdown of the support level of 1.3946 changed that support into a resistance.

Ireland appears closer to an acceptable agreement regarding an EU/IMF jointly sponsored bailout package to assist its financial bodies with debt. Concern over a debt contagion spreading to the other peripheral economies of Spain, Portugal, and Greece,...

Market Review – 19/11/2010 21:06 GMT Euro pares its gains against dollar despite Ireland’s bailout hopeThe single currency rose against dollar as investors expected Ireland would get its bailout in the coming future, however, worries over the...

On a 4-hour graph the rollback of the USD/CAD currency pair was limited by the support level of 1.0160. Recently, the pair traded in the range of 0.9980-1.0160. The breakout of the important resistance level changed the...

The broad markets were dominated by three themes yesterday, foremost were the ‘whispers’ that Ireland is closer to accepting a joint European and IMF bailout for its banking and government debt. Second was the IPO of General...

Hello. Let’s take a look at the USD/JPY. When looking at the daily chart – it shows we’re in a downtrend.

USD/CAD: A great opportunity to go “Long” on a daily traded which may be launched on today’s trading session.EUR/JPY: For the last two month, the pair is navigating between the support of 115.2 and the resistance 116.64....

The EUR appears to be gaining traction against most of its currency rivals as concerns over Ireland’s debt begins to ease. However, the euro zone does not appear to be out of the woods just yet. Analysts...