Questions Before The Weekend
The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues...
Category: Daily Forex Reports
EUR to Benefit from American and Japanese Bank Moves?
With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of...
Daily FX Market Outlook-24-9-2010 by AceTrader
Market Review – 23/09/2010 23:07 GMTEuro falls on worries over eurozone’s economic recoveryEuro weakened from a 5-month high against dollar on Thursday, as worries about the growth of European economy resurfaced after the release of weak Irish,...
GBP/JPY Elliott wave count and Fibonacci levels, September 23, 2010
According to wave count this currency pair is now developing impulse wave C of the corrective A-B-C cycle. This cycle is considered a corrective wave to the impulse 127.62-135.03. The nearest targets below the current level are...
Forexpros.com Daily Analysis – 23/09/2010
ForexPros Daily Analysis September 23, 2010 Euro Dollar The Euro broke the resistance specified in yesterday’s reports 1.3332, and reached our suggested target of 1.3414 with complete success. This pair had broken an important resistance at 1.3118...
Dollar Declines to 5-Month Low Against the EUR
The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling...
Forex-Metal Daily Analysis – 23/09/10
The greenback still stays under pressure. Asian and European trading sessions: Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and...
AUD/USD Elliott wave count and Fibonacci levels, September 22, 2010
According to wave count AUD/USD is now developing wave C of the med term uptrend (waves colored magenta). Within this wave C we already have a set of A-B-C waves (colored red) of smaller degree, that give...
Forex-Metal Daily Analysis – 22/09/10
Investors’ optimism growing on Tuesday. Asian and European trading sessions: Euro: The EUR/USD pair managed to reach maximums at the $1,3145 level. Positive results of the bond auction in Spain and Ireland supported the euro. Investors’ optimism...
Forexpros.com Daily Analysis – 22/09/2010
ForexPros Daily Analysis September 22, 2010 Euro Dollar The Euro broke the resistance specified in yesterday’s reports 1.3118, after two days of trying, and successfully reached both targets 1.3194 & 1.3306 with accuracy as well (the high...