The EUR/USD is currently trading at $1.3480 as of 7:11am, GMT, with a bullish trend
February 25, 2010
The dollar weakens as the Fed is expected to hold the rate. What could happen in the market?
The EUR/USD is currently trading at $1.3535 as of 7:05am, GMT, with a bullish trend
Sterling edges upward as investors look to inflation and mortgage Approvals
The GBP/USD is currently trading at $1.5550 as of 7:10am, GMT, with a bullish trend
Many traders see opportunities in the markets, as the Euro will continue to fall and the ECB is set
The EUR/USD is currently trading at $1.3620 as of 7:05am, GMT with a bearish trend
FX Thoughts for the Day
The Cable has spiked below the Support at 1.5283 to record a low of 1.5271 so far and doesn not seem to be in a great mood to go for consolidation. The bears have pounced once again and this time the next prominent closest target is near 1.50. The pair…
GBPUSD - Bear Pressure Targets The 1.5276/1.5000 levels
The pair has decisively broken below its 2010 low at 1.5343 and is now threatening the 1.5276 level, its .50 Fib Ret (1.3501-1.7041 rally).This fresh bear offensive is coming on the heels of a 1.5574 high failure on Jan 23′10. We are now looking for a break of the 1.5276…
EURUSD - On The Roll For The 1.3442/1.3211 Levels
After rejecting higher level prices to close marginally higher on Wednesday, EUR is now seen rolling over with threats of further losses towards the 1.3442 level, its 2010 low printed on Feb 18′10. A violation of that level will turn focus to its .618 Fib Ret (1.2328 – 1.5143 rally)…
Technical Analysis Daily: USD/JPY
Dollar/Yen continues to decline this week as seen on the 30 minute chart. Yesterday the currency couple traded quietly within the 89.33 - 90.35 range, closing the day at 90.14. On the 3 hour chart the currency couple looks neutral, while on the 1 hour chart the bearish channel is…
Currency Technical Report
Euro is clearly in a downtrend, as reactions were limited and the pair pulled back to previous lows. Dollar is rising again due to risk aversion and the sentiment for euro is negative.
Daily FX Report
The GBP/CAD has been trading close to a bearish trend-line except one time as it crossed its trend but the bulls hadn’t enough power to reverse the trend finally. After the GBP touched its first pivot resistance point which is on the same level as the trend-line the bears take…