AUDUSD Analysis – July 30, 2011

by ForexCycle.com | July 30, 2011 1:13 pm
AUDUSD broke above 1.1011 previous high and reached as high as 1.1080. Minor consolidation would likely be seen, and the trading range would be between 1.0850 and 1.1080. On the upside, a break above 1.1080 will signal...

GBPUSD Analysis – July 30, 2011

by ForexCycle.com | July 30, 2011 1:12 pm
GBPUSD’s upward move extended to as high as 1.6470. Further rise is still possible next week, and next target would be at 1.6600-1.6700 area. Support is now at 1.6260, as long as this level holds, uptrend from...

EURUSD Analysis – July 30, 2011

by ForexCycle.com | July 30, 2011 1:11 pm
Being contained by the upper border of the price channel on daily chart, EURUSD pulled back from 1.4535, suggesting that a cycle top is being formed. Range trading between 1.4050 and 1.4535 would likely be seen in...

Strong Data Supports Short-Term Risk Taking in Forex Market

by Forexyard.com | July 29, 2011 8:04 am
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.

AUD/USD Technical Analysis for July 29, 2011

by FX Empire | July 29, 2011 8:03 am
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...

EUR/USD Technical Analysis for July 29, 2011

by FX Empire | July 29, 2011 8:02 am
The EUR/USD pair has fallen on Thursday as the traders around the world have been punishing the European bond markets. The Italian yields were rising yet again during trading, and as such, the EUR/USD has been falling.

GBP/USD Technical Analysis for July 29, 2011

by FX Empire | July 29, 2011 8:01 am
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...

USD/CHF Technical Analysis for July 29, 2011

by FX Empire | July 29, 2011 7:59 am
The USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks.