Ben Bernanke Speech to Continue Dominating Dollar Volatility Today

by | June 26, 2009 8:28 am
The Dollar is set to continue its volatility today, as the market continues to act on yesterday’s critical speech of U.S. Federal Reserve Chairman Ben Bernanke. Additionally, traders will continue intensive Dollar trading, as they take into...

U.S Unemployment Claims on Tap

by | June 25, 2009 8:11 am
The Dollar began a strong rally during yesterday’s session, which dropped the EUR/USD pair as low as the 1.3900 level. Today, The U.S Unemployment Claims appears to be capable of shifting the momentum into the opposite directions... Daily Analysis — 25 June 2009

by | June 25, 2009 7:11 am
EUR/USD Bounces The pair fell over 200 pips yesterday but ultimately was stopped by the 1.3900 area and has since bounced higher.    This keeps the bias upwards for today, but more news out of the US could...

US Federal Funds Rate to Drive the Market Today

by | June 24, 2009 8:37 am
The market is expected to be very volatile today, as the U.S. announces the Federal Funds Rate at 18:15 GMT, which specifies U.S. Interest rates. The other factor that which is set to affect both the USD... Daily Analysis — 24 June 2009

by | June 24, 2009 7:27 am
EUR/USD – After the Surge Yesterday saw a very strong move by the EURO, moving almost double its average (12) daily range.  It also broke multiple short term resistance levels.

World Bank Forecast Returns Traders to Safe-Havens

by | June 23, 2009 6:57 am
The US Dollar has made some solid gains this week following news from the World Bank (WB) that economic forecasts for growth in 2009 are showing a 2.9% contraction, as opposed to the previous forecasts of 1.7%.... Daily Analysis — 23 June 2009

by | June 23, 2009 6:47 am
EUR/USD Choppy Trading Support is established at 1.3830 and is also present at 1.3820 through 1.3800.  This likely means the sideways swings will continue.  Although minor trends within the broader range can still occur.

Traders Anticipate Heavy News this Week in Forex

by | June 22, 2009 8:00 am
After depreciating consistently over the past month, the USD is now traded over 1.39 against the EUR, and over 1.64 against the GBP. This week on Wednesday, the Federal Reserve is expected to deliver an Interest Rates... Daily Analysis — 22 June 2009

by | June 22, 2009 6:49 am
EUR/USD Continues to Range The pair is trading within a 120 pip range between 1.4000 and 1.3800 over the last couple trading days.  This range has held in early trading.

USDCAD Analysis – June 20, 2009

by | June 20, 2009 1:48 am
USDCAD is moving to the next cycle top on daily chart. Further rebound to 1.1500 is still possible next week. However, the next cycle top is nearing, and the pair could be topping at 1.1448 level. Key...