The latest Forex news and commentary.The latest Forex news and commentary.The latest Forex news and commentary - updated hourly with forex commentary, news and recommendations Articles
Australian Dollar May Overtake 0.83 As Unemployment Keeps Volatility Stoked
2007-05-09 05:13:00 Employment Change (APR) (1:30 GMT) Unemployment Rate (APR) (1:30 GMT) Expected: 12,500 Expected: 4.5% Previous: 10,500 Previous: 4.5% More About: Dollar , Australian , Keep , Over
Fxtechtrade
2007-05-09 04:33:00 Several words about the EUR/USD future. Resistance (daily close) : : 1.2988, 1.3077, 1.3146, 1.3360, 1.3579, 1.3680 , 1.3758 and 1.3950. Break by daily close of 1.3950 mark will establish the minimum target as 1.4400. Next target - 1.4577. Support (daily close) : 1.2803 , 1.2730, 1.2600, 1.2532, 1.2390, daily close under 1.2390 will lead the market to 1.2307, 1.2218, 1.2150, 1.1896, 1.1740, 1.1678 ? 1.1520 (published on November 23, 2006 ). Dow Jones : Resistance(daily close): 12 712.50, 12
EUR/USD Daily Outlook
2007-05-09 04:31:00 ----------------------------------------- ----------------- INTRA-DAY EUR/USD OUTLOOK : 1.3545 Updating time : 09 May 2007 02:19 GMT Euro's narrow range-trading in o/n NY session has continued in Asian morning, suggesting further consolidation abv 1.3515 low wud be seen, however, y'day's selloff is likely to resume later for a re- test of 1.3515, then marginally twd 1.3495/00. Incline to sell on recovery for this move n only abv 1.3594 More About: Daily , Outlook , Dail , Look
Dollar Is Mixed, Awaiting Fed
2007-05-09 04:18:00 ? Trading mixed on Tuesday, the dollar was lower against the yen but higher against the euro ahead of three central bank meetings. The Federal Reserve is expected to hold its benchmark interest rate at 5.25% after its meeting on Wednesday. Investors are waiting to see if the Fed will change the outlook for the US economy and threat of inflation. We do not expect any big changes in the Fed statement. The European Central Bank is expected to hold its key interest rate at 3.75% on Thursday but to More About: Dollar , Waiting , Mixed , Doll , Wait
USD/JPY Daily Outlook
2007-05-09 04:12:00 ----------------------------------------- -------------------- INTRA-DAY USD/JPY OUTLOOK : 0; 119.78 Updating time : 09 May 2007 01:49 GMT As dlr has remained under pressure in Asian morn ing due to another round of 'heavy' buying of yen cross, suggesting intra-day downside bias remains n re-test of y'day's low at 119.52 can't be ruled out but loss of momentum wud limit weakness to 119.38. In view of this risk, exit More About: Daily , Outlook , Dail , Look
Aussie Retail Sales surprise giving support to the AUD
2007-05-09 03:55:00 Aussie Retail Sales surprise giving support to the AUD. FOMC the first central bank to make an announcement this week, ahead of BoE and ECB CURRENCY TRADING SUMMARY U.S. Dollar Trading (USD) was mixed on Tuesday due to technical trading ahead of the FOMC meeting which may hint at a rate cut, with many economists confident that the benchmark for federal funds rate will reach 5% by year end. In U.S. share markets the NASDAQ rose by 0.8 points (+0.03) and the Dow Jones fell by -3.9 points More About: Support , Giving , Rise
Euro falls broadly ahead of central bank rate meetings
2007-05-09 03:49:00 Main news US gold ends lower on stronger dollar, eyes FOMC Oil ends up on Nigerian outage, storm worries Market trend Forex outlook: The Euro fell against the yen and dollar on Tuesday as traders seized on comments from Germany's finance minister on currency values ahead of three major interest rate decisions this week. Broadly repeating the Group of Seven's stance on currencies, Peer Steinbrueck said in Brussels that the yen is on a "sustainable recovery course" and exchange rates should take More About: Head , Bank , Central , Meetings
The dollar recouped losses against the yen and treaded water versus the pou
2007-05-09 03:43:00 Between news that the Japanese investors were repatriating part of the maturity and coupon payment of euros and the lack of official concern about the weakness of the Swiss franc, the euro and the franc fell on Tuesday. The dollar recouped losses against the yen and treaded water versus the pound. It should push higher today. Euro/dollar The fell to a four-week low on Tuesday and nearly confirmed the formation of a head-and-shoulders pattern, which targets 1.3380. Only a close below 1.3530 More About: Dollar , Water , Again , Loss , Versus
Support, Resistance & Range Forecast
2007-05-09 03:37:00 ----------------------------------------- --- www.AceTrader.com USD/JPY Update Time: 09 May 2007 01:14 GMT Range Fore cast 119.70 / 119.95 Resistance /Support R: 120.14/120.25/120.47 S: 119.69/119.52/119.07 ----------------------------------------- --- EUR/USD Update Time: 08 May 2007 22:39 GMT Range Forecast 1.3530 / 1.3555 Resistance/Support R: 1.3562/1.3594/1.3628 S: 1.3515/1.3500/1.3485 >SIGN UP for 1-week TRIAL< ----------------------------------------- --- USD/CHF Update Time:
Dollar Rallies into Federal Reserve FOMC Policy Announcement
2007-05-09 03:21:00 See the article... More About: Dollar , Announcement , Policy , Federal Reserve , Rallies
For Second Day, Singapore Stocks Remain Lower
2007-05-09 02:38:00 Singapore stocks suffered on the day following worse than expected earnings from the region?s second largest lender. Falling the most in almost three years,... More About: Stocks , Singapore , Sing , Lower , Econ
Hang Seng Backs Down, Shanghai Makes Record Close
2007-05-09 02:38:00 Hong Kong markets didn?t fare any better, with Shanghai making gains that bucked regional markets. Hong Kong stocks dropped on profit taking as the benchmark... More About: Close , Down , Make , Record
Chinese Yuan Trades At Record Against The US Dollar, Breaks 7.7000
2007-05-09 02:35:00 - China Raises FX Reserve Levels For Domestic Lenders - Chinese Yuan Trades At Record Again st The US Dollar , Brea ks 7.7000 - Asia n Stocks Under Pressure More About: Ades
Will the Federal Reserve Meeting Help the Dollar? How Has Data Changed?
2007-05-09 01:17:00 Federal Reserve Meeting: USD/JPY vs EUR/USD The Fed eral Reserve?s interest rate meeting scheduled for Wednesday is one of the financial market?s biggest... More About: Dollar , Data , Federal Reserve , Will
Dollar Rebound Accelerates On Strong Wholesale Numbers
2007-05-09 00:11:00 The dollar was able to gain ground this morning ahead of the event-risk laden FOMC decision with the help of a surprisingly strong wholesale sales report.... More About: Dollar , Numbers , Bound , Hole , Tron
Euro, British Pound Encounter Major Event Risk Ahead of Fed, ECB, and BoE T
2007-05-08 22:59:00 ECB Part 1 - Awaiting 4.00% ECB Part 2 - Will Sarkozy Attempt to Sabotage the Euro ? BoE - All Bets On A Hike, But Will It Be To 5.50%? More About: Event , British , Risk , Head
U.S. Forex Market Commentary
2007-05-08 21:03:00 EURO The euro depreciated vis--vis the U.S. dollar today as the single currency tested bids around the US$ 1.3550 level and was capped around the $1.3620 level. Technically, today?s intraday high was just below the 61.8% retracement of the move from $1.3680 to $1.3535. A couple of factors contributed to the common currency?s move lower. First, there were reports that eurozone bond redemptions were repatriated into other currencies including the yen, leading to selling pressure on More About: Commentary , Market , Forex , Menta , Comment
FX Radio: Australian Retail Sales Upside Surprise, Sets Up EURAUD
2007-05-08 20:38:00 Click Link To Listen to our Morning DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadio AM050807.mp3 Key Points - EURAUD - Plummets 150, further... More About: Sales , Sets , Retail , Australian
FX Carry Trade Dynamic Basket
2007-05-08 20:16:00 Daily Profit and Loss and #167; 32 pips in Capital Gains and #167; $29 gain on Interest Received and #167; 3 Profitable Trade s More About: Basket , Dynamic , Nami , Carry
FX News and Technical Levels at a Glance (May 8)
2007-05-08 19:07:00 Click Here For PDF Version More About: News , Technical , Lance , Glance , T A G
Yen Crosses Roll Over and Additional Bearish Potential Exists
2007-05-08 18:57:00 1. CADJPY 2. CHFJPY 3. NZDJPY More About: Roll , Over , Bearish , Al B , Crosse
New Zealand Dollar Remains In Wedge
2007-05-08 17:56:00 The decline from the top (.7491) takes on the shape of a wedge and is bullish. A break through the top of the wedge near .7400 would signal that price... More About: New Zealand , Dollar , Land , Edge , Zeal
Japanese Yen 119.75 Remains Supportive of USDJPY
2007-05-08 17:55:00 The USDJPY continues to hold above support (former resistance) from the 4/16 high at 119.84. As mentioned yesterday "a support line from the 4/25 and 5/1... More About: Japanese , Mains
British Pound Digests Gains
2007-05-08 17:53:00 The rally from 1.9841-1.9974 is impulsive and the decline that has followed is corrective. This indicates that Cable is headed higher (as long as 1.9841... More About: British , Digest , Pound , British Pound
Euro Breaking 20 Day SMA
2007-05-08 17:52:00 The subdivisions of the decline from 1.3627 exhibit impulsive characteristics and could be the beginning of a 3rd wave down (or C wave). The bearish structure... More About: Euro , King , Breaking , Brea , Breakin
Swiss Franc Breaking Trendline
2007-05-08 17:50:00 "The longer term wave structure is bullish as the decline from 1.2571 is a double zigzag (inverse of the EURUSD rally). A longer term inverse head and... More About: King , Swiss , Line , Breaking , Trend
Canadian Dollar 1.1000 Support
2007-05-08 17:49:00 We mentioned yesterday that the "the USDCAD may launch an assault on the 1.1000 figure before a corrective rally unfolds." This has happened this morning... More About: Dollar , Canadian , Support , Dian , Doll
Dow Jones Continues to Set Record Highs, but Dollar Tanks: Is Anyone Watchi
2007-05-08 11:48:00 The Dow Jones Industrial Average has recently broken the all-important 13,000 barrier on relatively little fanfare, quietly setting fresh record-highs... More About: Dollar , High , Anyone
Looks like a quiet day ahead - Great for Range Trading !
2007-05-08 10:42:00 Economic News USD Over the past 24 hours, the USD has drifted lower against the EUR and GBP on diverging interest rate outlooks among the three respective central banks. The EUR extended its gains against the dollar after Friday's weaker-than-expected US payrolls report. The single currency currently hovers above the 1.36 handle against the dollar. Today's currency market is quiet as trading volume is light during the UK public holiday. In interest rate More About: Trading , Great , Head , Like , Look
Rate decisions around the Globe will set the trend
More articles from this author:2007-05-08 10:30:00 (This week is full of Central Bank announcements) Lets take advantage of the high volatility week we have ahead We are upon a week that will have big ups and downs for EUR/USD; mainly due to the fundamental side of trading. We?ll begin on Monday with the BoJ rate decision. We expect them to keep the rate unchanged but it will be very important to keep an eye on what the Bank Governor says on the press conference. Tuesday will show us numbers for Wholesales Sales. Wednesday is going to be More About: Globe , Will , Sion , Trend , Round 1, 2, 3, 4 |
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