Category: Daily Forex Reports

EUR/USD The EUR rose in early trading and is currently testing the 1.4050 resistance level, which is a former support level.

Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength in the USD brought on by last week’s employment data. However, oil prices surprised many traders today as the...

EUR/USD Range Break Pending The pair is nestled in a congestion area of old support and resistance levels.  The range is currently 1.4050-1.4100.  Based on average daily movements we can expect at least 90-100+ pips of movement...

After gathering some positive momentum at the end of last week from US employment data, the US Dollar now faces a new ordeal. As the US Supreme Court attempts to block the sale of Chrysler to Fiat,...

EUR/USD Testing Support The pair pulled up from the 1.3800 support level, but has fallen back towards it in early trading today.

The currency market is focusing on U.S. short-term Interest Rates as talk of a rate increase by the Federal Reserve has emerged. Dealers said that market participants will focus on a slew of Treasuries auctions this week....

Today’s U.S. Non-Farm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as...

The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a...

EUR/USD With news out of the US and the EURO zone today a larger than average range is expected (150 + pips).

The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP...