GBPUSD Analysis – April 3, 2009
GBPUSD is testing the resistance of 1.4779, a break above this level will indicate that the rise from 1.3654 has resumed and then further rally could be seen to 1.5300 zone. Near term support is located at...
Month: April 2009
EUR Interest Rate Decision Due Today
Market participants are eagerly awaiting key data pieces due be released today. The European Central Bank is expected to cut Interest Rates by 50 basis points and weekly U.S. unemployment numbers are predicted to be high. These...
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD extends ranges in some pairs, volumes light after fix• Majors hold important S/R• Stops likely waiting on either side of the market
Forexpros.com Daily Analysis
Today’s US Dollar Trading • USD ends mixed, S/R holds in two-way action• Stops noted in both directions intraday• Traders on G-20 watch ahead of ECB Thursday
U.S. Employment and Housing Data to Lead Today’s Market
The beginning of a new month always precedes 2 important events in the forex market: the release of immensely important U.S. economic data and an influx of trading after workers receive monthly salaries. Kicking off the month...