Category: Daily Forex Reports

Hello everyone. Let’s update everyone on the EUR/USD. After seeing the bottom last month, we saw a steep rise up followed by a downward channel in December with a recent steep rise up again.

Market Review – 13/12/2010 21:25 GMT Dollar tumbles on worries over US deficit Dollar fell sharply across the board on Monday as Moody’s warned that US tax package increased likelihood of negative outlook on US AAA rating...

Last week the growth of the AUD/USD currency pair was limited by the resistance level of 0.9965.Earlier on a daily chart the AUD/USD has formed the combination of candlesticks Bullish Engulfing, which indicates the upside movement, confirmed...

ForexPros Daily Analysis December 13, 2010 Euro Dollar: On the daily, the chart is getting messy, but ultimately its showing the euro in a series of shorts, with strong support at the 1.32002, a 50% long. The...

On the opening day of the week the market is in indubitable good mood.  Practically no reaction on China bad news confirms that statement. Chinese CPI was  5.1 percent high and PPI equaled 6.1 percent.

The main topic for this week’s trading session continues to be the European debt crisis. It is now broadly accepted that the Irish financial bailout has failed to calm markets and the possible debt contagion continues to...

Market Review – 10/12/2010 21:24 GMT Dollar rebounds against yen on upbeat U.S. economic data The dollar traded firmly against the Japanese yen in New York session as strong U.S. consumer sentiment and trade data suggested the...

GBP/JPY is now developing corrective wave 4 of the medium term uptrend – colored red in the chart. The targets of wave 4 are Fibonacci retracements of 129.43-132.99, 129.51-132.99 and expansions off 132.99-132.38-132.90.

Elapsing, Friday emerged to be less volatile day on the forex market. This is mostly caused by traders’ wait for forthcoming on Saturday, highly significant data releases from China.