JPY The Japanese Yen continued its slide on Wednesday after traders continued to interpret Tuesday’s last minute meeting by the Bank of Japan, as well as a bullish stock market as a reason to unload the low-yielding...
GBP/USD Open 1.6661 High 1.6720 Low 1.6552 Close 1.6627Pound/Dollar made a lowering attempt on Wednesday, sliding down to the 1.6552 support, but failed to continue the downward momentum, and turned sharply upward, drilling up the 1.6995 resistance,...
The U.S. Dollar rallied against the Yen on Wednesday amid speculation that the Japanese government would intervene in order to prevent its currency from rising any further. The intervention would be an attempt to help the Japanese...
EUR/USD Open 1.5066 High 1.5107 Low 1.5035 Close 1.5044Euro/Dollar continued climbing on Wednesday up to the 1.5107 top, but failed to keep the ascending momentum and corrected down to the 1.5035 bottom, closing the day at 1.5044....
Forexpros Daily Analysis Dec 2, 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 86.65 High 87.53 Low 86.53 Close 86.67Dollar/Yen rose sharply on Tuesday after an emergency meeting convened by the BOJ, which raised speculation about bank’s intervention on the market. The currency pair found good support at...
The Dollar tumbled Tuesday falling just south of 74.30 on the DXY. The Kiwi was the big winner advancing 1.38% followed by the Pound at 1.03%. Meanwhile the JPY was the only major to lose ground to...
EUR/USD: Now that the EUR has safely breached resistance and survived the Dubai scare let’s take a look at where the EUR may be heading next. In order to project forward we must first look back at...
GBP/USD Open 1.6620 High 1.6648 Low 1.6396 Close 1.6610After Pound/Dollar failed to retain its earlier gains yesterday, it started dropping from Tuesday’s top at 1.6648, closing the day at 1.6610. Downward pressure came from a report showing...
The Dollar fell to its lowest level in 15 months against the EUR and a basket of other major currencies Wednesday as concerns about Dubai’s debt problems faded adding to demand for higher-yielding assets. Government-related Dubai World...
