USD May See Upward Correction Today
February 10, 2011 7:06 am by Natalie R.After falling against most of its main currency rivals yesterday, the US dollar may be able to rebound today with the release of this week's US Unemployment Claims. In addition, significant news out of the UK is likely to contribute ...
GBP/CAD Approaching Long-Term Convergence Point
February 9, 2011 7:25 am by Greg HoldenAs was highlighted in yesterday’s article, the British pound appears positioned to undergo a technical downward correction to its latest upswing. The GBP/CAD appears to also support such a perspective.
US Crude Oil Inventories Expected to Show Weak Demand
February 9, 2011 7:00 am by Anton EljwizatThe EUR rebounded from a two-week low against the greenback on Tuesday after a Chinese interest rate hike fueled concerns over its growth. Additionally, demand for commodities prompted traders to unwind bets against the US currency.
GBP/CHF Revealing Impending Weakness for Pound?
February 8, 2011 7:41 am by Greg HoldenThe British pound has been reaching significant resistance lines against a number of its primary currency rivals. A chance exists that the pound could see some downward retracement over the next several days as investors test the strength of these ...
Crude Falls to $87.17; German Industrial Production on Tap
February 8, 2011 7:00 am by Yan PettersYesterday, while we witnessed rather peaceful trading in the forex frontier, crude oil prices continued to slide, and a barrel of crude fell about 120 pips. Crude oil is currently approaching a one-week low.
FOREX: EUR/USD Retracing Head-and-Shoulder Surge?
February 7, 2011 9:30 am by Greg HoldenExpectations this week for the world’s primary currency pair, the EUR/USD, may be summed up by viewing the daily chart’s technical formation. Beginning with last year’s record low price of 1.1875, this pair has been developing a long-term, upward angled, ...
European Interest Rates on Tap Today
February 3, 2011 7:00 am by Greg HoldenRising market optimism seems to have driven a number of the higher-yielding, European currencies upward in value this week. The US dollar, on the other hand, has experienced a steady free-fall against the majority of its primary currency counterparts as ...
USD/SEK’s Bearish Momentum
February 1, 2011 11:31 am by Greg HoldenAs we can see from the chart below (provided by ForexYard), the USD/SEK has been trading within a major downtrend for some time now. The current reading has pushed below the Sept. 2009 price, making this a 2-year low price ...
Swedish Krona Reaches 10-yr High vs. EUR
February 1, 2011 11:30 am by Greg HoldenThe Swedish economy has been outperforming many of its regional neighbors over the past few years and traders are beginning to see a signal that its currency is breaking barriers.
Choppy Market Expecting USD Gains after Friday’s GDP Report
January 27, 2011 3:05 pm by Greg HoldenThe events of this week have resulted in a rather sporadic and choppy trading environment.
