Update Time: 28 Jan 2010 00:55GMT DAILY USD/JPY OUTLOOK – +90.20+ Y’day’s anticipated rebound fm 89.14 strongly suggests dlr’s recent decline fm 93.78 has made atemporary low n abv 90.09 wud confirm this nr termbullish view, yield...
Market Notes: Obama’s speech “to combat unemployment” had a positive effect on a risk appetite- we can see it in an AUD and NZD strengthening.USD has weakened on a disappointing home sales data.EUR/USD has dropped below 1.40...
ForexPros Daily Analysis January 28, 2010 Fundamental Analysis: US GDP (QoQ)P Traders anticipate the publication of the the Gross Domestic Product measure tomorrow (January 29). The GDP is the broadest measure of economic activity and is a...
GBP/USD Open 1.6175 High 1.6276 Low 1.6100 Close 1.6168The Cable managed to hold its gains on Wednesday despite the strong Dollar against other currencies. Pound/Dollar climbed to the 1.6240 top, forming new resistance level there, and closing...
Risk makes a comeback after the State of the Union address MAJOR HEADLINES – PREVIOUS SESSION US Dec. New Home Sales out at -7.6% m/m vs. +3.0% expected and -9.3% prior GE Jan. CPI out at -0.6%...
EUR/USD Open 1.4028 High 1.4095 Low 1.3958 Close 1.4022Euro/Dollar traded hesitantly and within narrow range on Wednesday, closing the day at 1.4022. The upper level of the downward channel and top level level from Monday at 1.4190...
Following signals from the U.S. Federal Reserve that American interest rates may be increased sooner then expected, the U.S. Dollar got a significant boost in trading last night and in the early morning today. Today, a full...
Market Review – 27/01/2010 21:25 All times in GMT Dollar climbs to a six-month high versus euro on Fed’s statement The greenback rose on Wednesday to a six-month high against the single currency and strengthened versus the...
One of the technical indicators we teach in the DailyFX Power Course is the Stochastic Oscillator.
With expectations of USD strength in 2010 by many analysts, it might be a good time to look at what a trend change looks like on a chart. The current EUR/USD daily chart shows a good example...
