Global Equity Markets were off slightly Monday. A combination of light volume and a lack of any real economic data releases left markets essentially flat as traders continue to be risk averse heading into year end. The...
GBP/USD Open 1.6458 High 1.6516 Low 1.6315 Close 1.6445Pound/Dollar continued descending on Monday. The currency couple first tried to reach higher, making a top at 1.6516, where further bullish momentum was limited, and the Cable renewed its...
USD Monday saw the Dollar rise to levels not seen in more than five weeks against a basket of currencies, extending Friday’s rally that was sparked by a much better than expected jobs report. The trading patterns...
The dollar fell today after Federal Reserve Chairman Ben Bernanke gave comments concerning the slow recovery of the U.S. economy may keep inflation low. This hints towards a continued Fed policy of lower interest rates for the...
EUR/USD Open 1.4833 High 1.4900 Low 1.4766 Close 1.4826Euro/Dollar continued decreasing on Monday, from the 1.4900 peak to the 1.4766 bottom, closing the day at 1.4826. On the 3 hour chart the upward channel was broken downwards,...
Due to a much better than expected U.S Non-Farm Employment Change figures for November, the Dollar rose against all the major currencies on Friday. Moreover, this has been one of the first times since the recession began...
Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
EUR The European Central Bank said on Thursday that it would slowly start withdrawing the emergency liquidity it doled out during the recent economic crisis, stating that the next 12 month refinancing operation for banks would be...
Forexpros Daily Analysis Dec 3, 2009 About Wayne: Mr.McDonell is the Chief Currency Coach at FX Bootcamp, a live forex training organization that teaches traders how to develop conservative trade plans based on technical and fundamental analysis,...
USD/JPY Open 87.62 High 87.91 Low 86.61 Close 87.37Dollar/Yen climbed on Wednesday, as expected, up to the 87.66 top, closing the day at 87.37. The upward adjustment scenario, which had created convergence, remains intact, but has now...
