Markets stabilize from yesterday’s selloff in dollar and remain in tight range, waiting for ECB and BoE rate decisions today….
Category: Daily Forex Technical Reports
daily forex technical reports
Mid-Day Report: Dollar’s Free Fall Continues, EUR/USD Hits 1.47, GBP/USD Hits 2.1
Dollar’s free fall continues today as talk of China’s reserve diversification dominates the market. Cheng Siwei, vice chairman of China’s…
Daily Report: Dollar Sharply Lower on China Reserve Diversification Talk
Dollar has been extremely weak recently on fear that credit market problems will worsen and force Fed to continue easing….
Mid-Day Report: Dollar Made Record Low again, Swissy Rises on Safe Haven Flow
Dollar weakness resumes again on worry that subprime mortgage and credit market problems will deteriorate further that would trigger another…
Daily Report: Dollar Mildly Weaker But Still in Range
Dollar edges lower against European majors but after all it’s still bounded in established range. Fed’s Mishkin said overnight that…
Mid-Day Report: Yen Higher on Risk Aversion, Dollar Steady after ISM Services
Dollar remains steady after ISM non-manufacturing index unexpected rose from 54.8 to 55.8 in Oct, beating consensus of 54.0. On…
Daily Report: Dollar Recovers Mildly, More Consolidation to Follow
Dollar recovers mildly against European majors in quiet trading today. In particular, short term upside momentum in EUR/USD continues to…
Weekly Outlook: Dollar Tumbled Again Despite Solid Data; ECB, BoE, RBA Watched
In spite of a couple of bullish factors, dollar weakened sharply across the board last wee, with dollar index touched…