Obama Speech to Impact Dollar
The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out...
Category: Daily Forex Reports
Technical Analysis – 14 September 2009
EUR/USD 1.4550 – 14 September 2009 EUR/USD Open 1.4565 High 1.4621 Low 1.4521 Close 1.4581 Euro/Dollar traded hesitantly on Friday, entering into consolidation phase after the strong increasing movements in the previous days, closing the week at...
U.S. Prelim UoM Consumer Sentiment to Lead USD Trading Today
The publication of the U.S. Prelim UoM Consumer Sentiment report at 13:55 GMT is set to lead USD trading today. This release measures the level of a composite index based on surveyed consumers. The figure is expected...
Forexpros Daily Analysis Sep 10, 2009
Euro Dollar The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of...
GBP Anticipates Volatility before Rate Decision
With mixed results versus its primary currency counterparts, the British Pound appears to be consolidating many of its trends towards a volatile movement; positioned to take place today, it appears. The Bank of England’s rate decision and...
Forexpros Daily Analysis Sep 9, 2009
Euro Dollar Break Major Resistance The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer...
Commodity prices Surprise with Bullishness as USD Weakens
With recent market volatility, the price level for a few currencies and commodities have begun to see prices not seen since last year. For instance, the USD fell to its lowest in almost a year during yesterday...
Forexpros Daily Analysis Sep 8, 2009
Euro Dollar The Euro has broken the falling trendline from Aug 27th high, and stayed above it the whole time. That is why, there is still a big probability to surpass 1.4405 and head towards areas above...
Forex Market to Move on News Coming from Europe and Canada
In forex trading, the USD is set to have relatively quiet news today. This lack of major news indicates that the other major currencies, such as the GBP, EUR and CAD, may be the market movers today...
Forexpros Daily Analysis Sep 7, 2009
Euro Dollar The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be...