Latest forex analysis

[ForexAnalysis]

Latest Forex Analysis - 26/11/07

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Japanese market holiday exaggerate moves. Euro eyes 1.50 level. Markets move on ECB official comments

"The USD was initially at record lows against the Euro and the Swiss Franc before pairing back most of its losses towards the end of day’s forex trading. In U.S. share markets the NASDAQ was up by 34 points (+1.34%) whilst the Dow Jones also climbed by 181.84 (+1.42%)."

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[ForexAnalysis]

Today's latest analysis - 27/11/07

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Carry Trades bounce from sell-off again as US stock index futures rose after ugly close yesterday.


"The market reached near panic levels again late yesterday as US stocks, particularly financials, were tanking yet again into the close, spoiling the rise seen on the Friday after Thanksgiving last week."

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[ForexAnalysis]

Forex Latest Analysis - 28/11/07

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Investment in Citigroup seen as market positive. Markets rally on the news.

"The Australian Dollar (AUD) initially rallied on the news of investment in Citigroup before giving up gains in the overnight session. The AUDUSD traded with a low of 0.8681 and a high of 0.8813 before closing the forex market day at 0.8757. Looking ahead, CAPEX is due out tomorrow."

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[jimR79]

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[ForexAnalysis]

Latest Forex Analysis - 5/12

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US Non-Farm and Non-Manufacturing Figures On Tap

"1 Hour and 4 Hour Elliott patterns are implying that Gold should gather momentum today, which provides Forex traders with a great opportunity to go long. The target is expected at around 810."

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[ForexAnalysis]

Latest Forex Analysis - 5/12

Read the latest forex analysis:

US Non-Farm and Non-Manufacturing Figures On Tap

"1 Hour and 4 Hour Elliott patterns are implying that Gold should gather momentum today, which provides Forex traders with a great opportunity to go long. The target is expected at around 810."

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[ForexAnalysis]

Today's forex analysis - December 6

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BoE Decision today: market clearly voting for a cut. ECB's Trichet in a tough spot at today's press conference.

"Yesterday was key for the USD, as the dollar index made a new high since early November and is now trading a fraction of a percent below the 55-day SMA."

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[ForexAnalysis]

forex analysis December 10

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The Pound inclined against the Yen as investors returned to Carry Trades
The Pound inclined against the Yen as investors returned to Carry Trades, the technical parameters adjusted to show an upside potential to progress the pair's upside general trend, the targets are set to be at the 229.10s then 230.30s, and the point at 226.08 seems to offer good demand for the pair.
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[ForexAnalysis]

Today's forex analysis - December 11

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Pivotal day ahead with Fed rate decision at 1915 GMT
It looks as if the US equity markets are really gunning for the Fed and the US government to make things right again as equities continued their strength yesterday. The latest cause of cheer was an announcement that Warburg Pincus would inject USD 1 billion in the trouble bond insurerer MBIA, which along with the likes of Ambac, has been in desperate trouble lately as it looks for a liquidity injection.
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[ForexAnalysis]

Today's forex analysis - December 12

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US Trade Balance On Tap
A bullish channel is forming on the 4 Hour chart supported by the Slow Stochastic which having a positive slope. An ascending triangle is establishing on the 15 Min chart, indicates on 803.92 as a possible entry point for long position which forex traders may take advantage of.