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Your Source for Daily FOREX Market News and Analysis
Wednesdays trading session was rather disappointing with the major currencies mostly confined to some consolidation. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
The Euro pared the decline from the previous day and rallied to a fresh monthly high of 1.3091 during the overnight trade, and the single-currency may continue to retrace the decline from earlier this year as the economic docket reinforced an improved outlook for the region. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
We have yet to see any market reversals just yet, and the USD is back under pressure against most of the major currencies, with the latest surge led by demand for Eur/Usd which has now broken to yet another fresh multi-day high. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
The Euro may advance as Germanys Unemployment rate drops to 7.6 percent, matching a nearly two-decade low and boosting hopes that the Euro Zones largest economy can keep the region-wide recovery on pace. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
EUR/USD : The push to some fresh multi-day highs on Tuesday by 1.3045 was not impressive, with the market reversing and closing back by opening levels to set up a doji formation, that has now been followed up by yet another doji formation on Wednesday. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
USD/JPY: The latest round of setbacks below 87.00 have been very well supported and daily studies have now turned up from oversold levels with the market looking like it wants to carve out a base. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
Crude oil fell following a bearish inventory report on Wednesday. In the coming weeks we will see whether the enormous build was the start of a trend of an aberration. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
OVERVIEW The regional currencies followed the lead of the broader market price action which was more or less uneventful in Wednesday trade as most of the major currencies settled relatively close to their opening levels. learn forex 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
While at first glance it appears that the dollar index was whipped around a little yesterday, if we take a closer look at the levels we can see the index traded in a 30-tick range as most of the dollars major trading partners consolidated positions yesterday. learn forex 29 Jul 2010