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EUR/USD May 4 – Rising on Portuguese Hopes

EUR/USD May 4 – Rising on Portuguese Hopes

EUR/USD is moving quickly higher and approaching a tough resistance line as the market is cheered by the bailout deal with Portugal and reflects less fear about Greece. We have quite a few market movers coming up later. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian

EUR/USD Mar. 30 – Narrowing Channel Hints a Breakout

EUR/USD Mar. 30 – Narrowing Channel Hints a Breakout

EUR/USD could not hold on to its gains and is falling again, in a narrowing channel, as worries from peripheral countries weigh on the common currency. A major hint towards Friday’s NFP is released today. Will Euro/Dollar break out of the channel and out of range?  Here’s a quick update on technicals, fundamentals and community

EUR/USD Mar. 2 – Stuck at Support

EUR/USD Mar. 2 – Stuck at Support

EUR/USD failed to break higher and fell back down to support, as risk to global growth looms. Will this support be lost? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Quiet session sees Euro/Dollar slightly lower. Current range – 1.3760 – 1.3860. Further levels in both directions: Below 1.3760,

EUR/USD Feb 2 – Consolidating After Breakout

EUR/USD Feb 2 – Consolidating After Breakout

EUR/USD is taking a break from rising after the big breakout yesterday. Today we get more hints towards the NFP. Where will it go?  Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Peaked at 1.3861 before dropping. Current range – 1.3760 to 1.3830. Further levels in both directions: Below

AUD/USD Jan.5 –Aussie Lower Today Against USD

AUD/USD Jan.5 –Aussie Lower Today Against USD

AUD/USD is lower today, showing relative weakness after having shown relative strength in recent sessions. The Aussie was the weakest currency of the day. Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: Aussie was lower against the US Dollar today trading at 1.0057 at the time of this writing.

Forex Daily Outlook – October 6 2010

U.S. ADP Non-Farm Employment Change, U.S. Treasury Secretary Timothy Geithner’s speech in Washington DC and Canada’s Ivey PMI are the most influential events in the next 24 hours. Here is an outlook on the major activities awaiting us today. In the U.S., ADP Non-Farm Employment Change dropped 10K last month which did not correlate with

EUR/USD Sep. 1 – Struggling in Range

EUR/USD Sep. 1 – Struggling in Range

EUR/USD got into narrow range trading, clinging to the uptrend support but breaking higher.  Will the pair pick a direction? Here’s a quick update on technicals, fundamentals  and community trends

Forex Daily Outlook – September 1 2010

U.S. DAP Employment Report, ISM Manufacturing Index and Australian GDP are at the top of our market moving events for today. Here is an outlook on the economic activities awaiting us. In the US, Automatic Data Processing Employment Report, a measure of jobs lost or added to the private sector of the economy, also serving

Forex Daily Outlook – August 4 2010

U.S. ADP an early indicator of non-farm payrolls and US ISM Non-Manufacturing Index are the major activities on our menu. Here is an outlook on today’s market moving events. U.S. Automatic Data Processing Employment Report, a preliminary estimate for the outcome of the monthly non-farm payrolls is expected to add as many as 36,000 new

Forex Daily Outlook – July 1 2010

Another busy day is ahead with American Unemployment Claims, American ISM Manufacturing PMI and American Pending Home Sales. Many other events will be reviewed today. Here’s an outlook for the market-moving events that are awaiting us. In the US, American Unemployment Claims: This weekly figure is still causing trouble for the dollar. Jobless claims refuse to