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Recent Forex News
Forex Technical Analysis Reports (ActionForex.com) Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com Chart Of The Day: EUR/USD On the first day of the first full week of 2009, price action on the EUR/USD pair, a daily chart of which is shown, has made a bold statement regarding the remarkably rapid uptrend that was in place during the month of December. It is indicating that the uptrend could... Dollar Outlook (Short Term) Mixed to Begin 2009 First, let's review what has occurred over the past several months. The decline from the July 2008 high (1.6040) can be counted as a 5 wave drop (wave 5 is truncated). 5 waves down at this degree of trend indicate that the long term trend has changed and that a... Restored Liquidity Leads To Volatility And Breakouts For The Forex Market After two weeks of depressed liquidity, currency traders have decided to make their return to the market a memorable one. Breakouts have been marked across a number of the majors and equally charging moves were developed through many of the crosses. Where will the market go from here and what... Elliott Wave - Gold, Oil, Dollar Index The Index is still trading below the significant 100 SMA area which could be strong enough to instigate short dollars and long euro's in the next few days. However, any break or move above the 100 SMA, and the black trend line will completely change the situation. After the euro... Daily Forex Outlook: EUR/USD The chart shows the movement started from 1.4718 (18 December). I think it is corrective in nature and is in the position of wave B or wave 2 of one higher degree. In both cases I will expect a new high above 1.4718 later. Currently the big question is how... Newsfeed display by CaRP Forex Fundamental Analysis Reports (ActionForex.com) Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com Volatility Returns to the Currency Markets The resonance of the New Year is starting to show its true colors at the start of the first full trading-week this year. The Dow finished a volatile day lower, in some ways ruining the sense of stability that pervaded in last week's market. Volatility in equity prices was complemented... Stocks Decline On Monday/Dollar Mixed U.S. equity markets declined on Monday, but the loss was relatively contained after automakers reported dismal sales numbers for December. Profit taking was also a possible culprit after the S&P completed a 25% run off the Nov.21 low to last Friday's close. Euro Plummets vs Dollar and Pound to Start the Week Turning to our market highlights for the day, we see a very sharp drop in the Euro-Dollar pair, amounting to more than 400 pips from high to low. The main theme today that fueled Dollar strength was speculation that President-elect Barack Obama's fiscal stimulus plan will help the US recover... New York Session Recap The buck was lower against most of the majors in NY trading as poor economic data, lower stocks and some big technical breaks saw the greenback sink. The S&P 500 fell about -0.5% and this was helped by a weak US November construction spending report and horrid motor vehicle sales... Currency Pair Overview The market moved towards the safety of the dollar in the European session after a similar move was tried in the Asian session. The market was led lower by the euro, which is more likely a victim of collateral damage right now. First, the Israeli incursion into the Gaza strip... Newsfeed display by CaRP |