Daily Pivots: (S1) 1.0230; (P) 1.0285; (R1) 1.0328; USD/CHF’s recovery from 1.0185 extended further today but is still limtied below 1.0388 resistance. Intraday outlook remains neutral for the moment. Break of 1.0388…
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.5889; (P) 1.5977; (R1) 1.6038; GBP/USD’s fall extends further to as low as 1.5769 so far today, meeting mentioned target of 100% projection of 1.7043 to 1.6111 from 1.6740…
USD/JPY Daily Outlook
Daily Pivots: (S1) 88.97; (P) 90.16; (R1) 90.83; USD/JPY’s dived to as low as 88.23 before turning sideway. At this point, intraday bias remains on the downside and fall from 97.77 is…
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.4629; (P) 1.4676; (R1) 1.4738; EUR/USD’s fall from 1.4842 continued today and the break of 1.4611 support confirms that a short term top is at least in place at…
Dukascopy Morning Forex Overview – Sept 28 09
Previous session overview The dollar fell to an eight-month-low against the yen in Asia Monday due to a growing view that U.S interest rates will remain low for longer than expected, while…
Get Your Free 50-Page Download: The Ultimate Technical Analysis Handbook
Today more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed. Who can blame…
Investors Dumped Risky Assets, Dollar Rebounded from 2009 Low, Yen Soared
Last week’s developments showed further evidence that investors are moving away from risky assets as Fed is starting to pave the way for exit from stimulus measures. Stock staged a sharp reversal…
China’s Foreign Exchange Reserves Rank First in World
China’s foreign exchange reserves rose from 1,577 billion U.S. dollars in 1978 to 1, 950 billion dollars in 2008 to rank first in the world, said Yu Wenzhe, Chinese Ambassador in Ghana,…