The U.S Dollar made headlines yesterday unfortunately for the Greenback it was not positive. The DXY, an index weighted basket of currencies against that Dollar, hit a low for the year touching just below 74.20 before a...
Year End: Thanksgiving in the U.S marks the beginning of the Holiday Season. The day after Thanksgiving known as Black Friday marks the commencement of the Holiday shopping season. Many analysts view this particular season as one...
GBP/USD Open 1.6699 High 1.6744 Low 1.6537 Close 1.6705Pound/Dollar rose on Wednesday from 1.6578 to the 1.6744 top, where further upward movement was limited, closing the day at 1.6705. Today the Cable made deep bearish correction, eating...
USD Te US Dollar continued its fall on Wednesday after a spate of data releases increased optimism in the US for an economic recovery. Three key pieces of data were released in the last trading session before...
The Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may...
EUR/USD Open 1.5124 High 1.5144 Low 1.4961 Close 1.5136Euro/Dollar made a significant increasing movement on Wednesday, sliding in the upward channel, with later correctional retreats, an indication for a possible upward scenario continuation, for which, however, we...
Forexpros Daily Analysis Nov 25, 2009 — Fundamental Insight NZD traders await tomorrow’s announcement by the Reserve Bank of New Zealand, on the quarterly Inflation Expectations Report (Nov 26).
Global Equities Market futures are pointing slightly higher for Wednesday’s open. The DJIA finished lower after a mixed day on Wall Street, losing 17.24 points to close at 10,433.71. The Fed conceded in minutes released yesterday that...
Key Levels of Support & ResistanceEUR, GBP, & AUD As the market continues its sideways movement it is a good idea to keep cognizant of important key levels of S&R as well as the 50 SMA and...
GBP/USD Open 1.6584 High 1.6727 Low 1.6498 Close 1.6583On Tuesday the RSI and and MACD gave valid bearish outlook for the Pound/Dollar, which was limited by the 1.6498 support, from where the Cable started recovering, closing the...
