BOE Reveals Doubt over Short-Term Recovery

by ForexCycle.com | August 20, 2009 8:35 am
Yesterday’s bearish behavior by the GBP was felt by many traders as the Bank of England’s (BOE) Monetary Policy Committee (MPC) released the minutes from a recent meeting regarding interest rates and quantitative easing. There was a...

Forexpros.com Daily Analysis Aug 20, 2009

by forexpros.com | August 20, 2009 7:49 am
Euro Dollar 1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday.  Currently the pair appears to be forming a continuation pattern.  But a break below 1.4180 is likely to see a further slide. ...

European Currencies on the Rise along with Risk Appetite

by ForexCycle.com | August 19, 2009 8:24 am
Yesterday’s sudden boost in equity markets world-wide has helped drive many of the riskier currencies, such as the EUR and GBP, higher versus their primary currency rivals. Safe-havens such as the Dollar and Yen took a small...

Empire State Manufacturing Index to Lead USD Trading

by ForexCycle.com | August 18, 2009 7:21 am
The U.S. Dollar gained versus the EUR but extended losses against the JPY since Friday, after the U.S. Consumer Sentiment index unexpectedly declined in early August. The data aided the Dollar, which in many instances has tended...

Forexpros.com Daily Analysis Aug 18, 2009

by forexpros.com | August 18, 2009 6:43 am
Euro Dollar Analysis – Aug 18 There is a band of resistance between 1.4120-1.4140 which so far has held.  There was a downward break from a longer term pattern yesterday, and this is the likely pullback point...

USD Recovers on Friday’s U.S Consumer Sentiment Depreciation

by ForexCycle.com | August 17, 2009 7:46 am
The U.S. dollar gained versus the EUR but extended losses against the Japanese yen on Friday after the U.S. Consumer Sentiment index unexpectedly declined in early August. The data pushed U.S. stocks lower, aiding the Dollar which...

Forex Daily Analysis – Aug. 17, 2009

by forexpros.com | August 17, 2009 7:10 am
EURO/DOLLAR The pair is approaching support between 1.4100 and 1.4120.  A bounce off this level indicates a move higher to rest resistance between 1.4260 and 1.4280.  A break above indicates another move higher and a test of...

Dollar Anticipates Release of U.S. Core CPI

by ForexCycle.com | August 14, 2009 9:59 am
The U.S. Dollar anticipates the release of U.S. Core CPI at 12:30 GMT. The reason this publication is so important is due to it being a leading measure of U.S. economic growth and inflation. A positive figure...

USD Setback Could Change Course Following Today’s Retail Sales

by ForexCycle.com | August 13, 2009 7:48 am
After suffering a mild setback following the release of yesterday’s Federal Funds Rate policy statement, the USD now seems poised for a come-back. At the opening of the US market today at 12:30 GMT, traders will catch...

Forexpros Daily Analysis – Aug. 13, 2009

by forexpros.com | August 13, 2009 7:03 am
EUR)/DOLLAR The pair is in a short term widening range, with bias currently to the upside.  A push above 1.4250 would confirm, with a target of 1.4310.  1.4340 and 1.4380 are resistance levels beyond.A drop below 1.4200...