Dollar, Yen Up on Increased Risk Aversion
Comments by Fed Chairman Ben Bernanke surprised many investors as he joined the rallying cry for a stronger Dollar, which may lead to strength for the USD in the days ahead. On the other hand, the USD...
Category: Daily Forex Reports
Daily Forex Analysis by Finexo.com 18/11/2009
USD The US Dollar continued its rebound started Monday on the heels of Federal Reserve Chairman Ben Bernanke’s comments. The Dollar also was helped by a profit taking selloff in stocks, oil and gold – all which...
EUR/USD 1.4870 – 18 November 2009
EUR/USD Open 1.4877 High 1.4996 Low 1.4812 Close 1.4874 On Tuesday Euro/Dollar declined from the 1.4996 top to the 1.4812 bottom, closing the day at 1.4980. The downward channel, which was broken upwards on Monday the daily...
USD/JPY 89.98 – 17 November 2009
USD/JPY Open 89.01 High 89.70 Low 88.77 Close 89.04 On Monday Dollar/Yen continued its downward movement, reaching depths of 88.77, closing the day at 89.04. Signals are expected to continue the decreasing momentum with technical objectives towards...
Forexpros.com Daily Analysis – 17/11/2009
Forexpros Daily Analysis Nov. 17, 2009 Fundamental Analysis, Australia • Tuesday: Reserve Bank’s Board November Minutes (Text Report). • Wednesday: Westpac Leading Index (Previous 1.1%, Expected N/A).
Gold Makes Huge Gains by GoLearn Forex
The DJIA completed the Global Equity Market rally today currently ahead 140 points to 10,410. The rally during the Asian and London session got underway as the Asia Pacific Economic Cooperation group universally agreed to maintain and...
Analysis of All Currencies “Down Under” by GoLearn Forex
AUD/USD:The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343. The Aussie completed the top portion of a double top (as depicted on the Chart by the 2 white boxes)...
GBP/USD 1.6821 – 17 November 2009
GBP/USD Open 1.6834 High 1.6868 Low 1.6672 Close 1.6817 Pound/Dollar continued its bullish movement on Monday, climbing up to the 1.6868 top, closing the day at 1.6817. We expect the bulls to remain dominating with targets towards...
EUR/USD 1.4870 – 17 November 2009
EUR/USD Open 1.4982 High 1.5015 Low 1.4903 Close 1.4970 Euro/Dollar traded hesitantly on Monday, still caught within the 1.4514 – 1.5045 range, as seen on the 3 hour chart. The double peak formation from last week, as...
U.S. Producer Price Index (PPI) to Be the Driver of USD Trading Today
The Producer Price Index (PPI) is expected to be the main driver of USD trading for Tuesday. The other major releases from the U.S. that forex traders are advised to follow are the TIC Long-Term Purchases, Core...