Archive for 'Technical Analysis'
ADP Non-Farm Payrolls On Tap
Posted on04. Apr, 2008 by admin.
Economic News
USD
The USD has rebounded over last few days leading up to today’s Non-Farm Payrolls report. Fed Chairman Bernanke said on Wednesday that the U.S. economy may fall into recession in the first half of 2008, although he was less pessimistic than expected, which led investors to scale down expectations for aggressive monetary easing. Interest [...]
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ISM Non-Manufacturing On Tap
Posted on03. Apr, 2008 by admin.
Economic News
USD
Yesterday, the USD initially climbed against the EUR after the ADP Employer Services report showed U.S. companies unexpectedly added 8,000 jobs in March. Later in the session, the greenback erased its gains against the EUR after Fed Chairman Ben Bernanke told Congress the U. S. economy could contract in the first half of 2008. [...]
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The USD Still Roams Bearish Grounds
Posted on28. Mar, 2008 by admin.
Economic News
USD
The USD rallied yesterday against the EUR, after a data showed that the U.S. economy grew in line with market expectations during the 4th quarter.
Yesterday’s finalized GDP figure eased fears of a steeper slowdown after it printed at 0.6% – unchanged from the month prior. A fall in U.S. Unemployment Claims in the latest [...]
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EUR/USD Marching Toward 1.60?
Posted on27. Mar, 2008 by admin.
Economic News
USD
Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing the Dollar back toward lows against the major currencies, most notably the EUR. The EUR/USD pair soared [...]
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The Greenback Goes Down Again
Posted on25. Mar, 2008 by admin.
Economic News
USD
Yesterday’s trading session was characterized by low liquidity as US markets were closed due to the Easter holiday. The greenback was consolidating yesterday against most currencies and showed no distinct trending. The calm status changes later on the overnight trading session as the greenback started to gain all across the board in a quite [...]
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US Retail Sales On Tap
Posted on13. Feb, 2008 by admin.
Economic News
USD
The greenback drifted lower against the EUR and the GBP yesterday ahead of today’s much anticipated Retail Sales report, which is expected to disappoint and therefore increase speculation that the U.S economy is headed towards a recession. It is highly unlikely that the Retail Sales figure will surprise on the upside amidst a slowing [...]
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US Interest Rate Statement On Tap
Posted on11. Dec, 2007 by admin.
Economic News
USD
The USD depreciated against most major currencies on Monday for the 3rd consecutive session, ahead of today’s widely expected FOMC Interest Rate Statement. Also, yesterdays’ data on U.S. Pending Home Sales for November showed an unexpected gain and gave the greenback a modest boost.
Markets have recently pared back aggressive U.S. rate cut forecasts, with [...]
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The Greenback Corrects Massively
Posted on06. Dec, 2007 by admin.
Economic News
USD
Dollar bulls took their chance yesterday following the release of a report that showed a marked rise in private-sector jobs, giving the greenback a lift against its major rivals. Yesterday, the U.S. currency gained 1% against the EUR, 0.9% versus the JPY and 1.6% against the GBP.
The USD strengthened yesterday after reports showed [...]
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US Non-Farm and Non-Manufacturing Figures On Tap
Posted on05. Dec, 2007 by admin.
Economic News
USD
Yesterday was void of any significant news from the U.S, so the greenback did not experience much movement against the EUR. However the greenback did strengthen noticeably against the CAD on the back of the unexpected Canadian interest rate cut to 4.25%. The main market movement yesterday was still driven by comments by [...]
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Forex Technical Analysis: Price Channels
Posted on02. May, 2007 by admin.
A trending market can move between parallel support and resistance levels. A price channel between two parallel lines can often be drawn in a trending market. The key to a price channel is that the lines be parallel to each other. The value of the price channel in predicting the ongoing speed of a trend [...]
