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Market Update - EUR/USD, GBP/USD, USD/JPY
Early European trading has been quiet thus far, following some dollar weakness in Asia. This could be a sign that dollar selling is exhausted in pairs like GBP/USD and EUR/USD. The USD/JPY is again playing into the lower channel line of the flag pattern we identified last week; seen clearly on the 180-min chart.
Jan 19, 2011 | FXRenew
EURUSD breaking above 1.3450
The euro is climbing higher, breaking above the 1.3450 resistance zone at time of writing and it seems there is more upside in the market - next upside barrier standing at 1.3570/00, followed by 1.3700.
Jan 19, 2011 | InnerFX
Market Update - EURUSD, GBPUSD
Stocks are opening higher and the dollar is weaker across the board. However, most pairs have seen only a fraction of the excitement in EUR/USD and GBP/USD. The EUR/USD just hit a new high on the day, but volume is not very supportive of a continuation.
Jan 12, 2011 | FXRenew
Market Update - EUR and GBP
Both EUR and GBP continue to exhibit typical shake-out games while some of the other majors are trading in more normal fashion. The EUR/USD finally blew the top off 1.3000 and has quickly failed. This may be evidence that Chinese and Japanese pledges to buy European debt are not enough to assuage fears of sovereign defaults.
Jan 12, 2011 | FXRenew
Yuan to spread as Bank of China lets U.S. customers trade RMB
State-owned Bank of China Ltd has offered yuan trading to U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.
By Gertrude Chavez-Dreyfuss and Saikat Chat | Jan 12, 2011 | Reuters
Market Update - EURUSD
The market is still moving in late US trading as the EUR/USD revisits today's highs. The 15-min chart shows steadily decreasing volume for the entire EUR/USD climb today, which begs for shorts here at 1.2960.
Jan 11, 2011 | FXRenew
Market Update - EURUSD, AUDUSD, GBPUSD
Today looks a lot like Friday after the jobs data. Price action is very intense and direction uncertain. Clearly there is no shortage of dollar buyers willing to protect even short-term support levels on USD, which bodes well for the currency.
Jan 11, 2011 | FXRenew
Market Update - EUR, AUD
Welcome back. The first session of the week is underway. The dollar extended last week's gains only briefly at the open and we are now seeing a bit of profit-taking across the board. Volume will return to more normal levels this week now that we have the first week of 2011 out of the way. The economic calendar is a busy one so volatility may not subside much.
Jan 10, 2011 | FXRenew
Forex Market’s Initial Reaction to the Non-Farm Payroll: Not Enough to Keep Boosting USD
The story is more like - this 103K addition of jobs in December was not hot enough to keep the already tired USD going. If the USD-bearish scenario plays out at least throughout today, where will the markets be? EUR/USD can test 1.3050-1.3060 after a 1H candle closes above 1.3020.
By Fan Yang | Jan 08, 2011 | FX Times
Euro at 5 wk low vs USD
Euro at 5 wk low vs USD, breaks 1.30 level. The Euro fell to a 5 week low against the USD Thursday, breaching a Key support level, with more losses seen if upcoming jobs data proves stronger than expected.
By Paul A. Ebeling, Jnr. | Jan 07, 2011 | LiveTradingNews
Forex: British Pound To Maintain Downward Trend, Euro Eyes 200-Day SMA
The British Pound fell back from a high of 1.5563 as the economic docket reinforced a weakened outlook for future growth, and the exchange rate may push lower going into the end of the week as it maintains the downward trend from the November high (1. A survey by the Bank of England showed demands for home loans fell "markedly" in the four quarter, with the gauge slipping to -41.
By David Song | Jan 07, 2011 | DailyFX
US Dollar Rally Likely to Continue on FX Sentiment
Forex futures and options sentiment data suggest that the recent US Dollar rally may be the start of a bigger move, pointing to further EURUSD and AUDUSD declines.
By David Rodriguez | Jan 06, 2011 | DailyFX
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