EUR/USD Breaks Down amidst ZEW Economic Sentiment

EUR/USD made a clear and strong break out and fell below the support line. This comes on the background of a drop in the ZEW Economic Sentiment among other concerns: the credit crunch is far from over. The more important support line is getting very close.

EUR/USD Hit By Greece, Spain and now America

EUR/USD is having a bad week. The blow it got from American Non-Farm Payrolls continued with internal problems in Europe, and American retail sales send it further down. It may be getting close to a breakout.

Update 15:00 GMT: American Consumer Sentiment was also better than expected: 73.4 points instead of 68.6. EUR/USD is already down [...]

AUD/USD rising gradually with the rates

The Australian got another boost from the third consecutive rate hike yesterday. After getting a blow from the Dubai crisis, the good fundamentals and the 3.75% interest rate send it higher. Will these gains survive bad Non-Farm Payrolls?
The Aussie continues to enjoy good fundamentals.A third consecutive rate hike was made by the RBA: Glenn Stevens [...]

EUR/USD enjoys good figures. Where next?

Contrary to last week’s behavior, the Euro rides higher on good figures, and says goodbye to the range once again. Is this another temporary swing? Or is the next target, of 1.5283 already marked?
Also the rising Pending Home Sales in the US help the Euro, as the feeling of world recovery makes the “safe haven” [...]

Forex Daily Outlook – December 1st 2009

Forex markets are still digesting the Dubai crisis as lots of indicators pour in. A big day awaits forex traders: a rate decision in Australia, GDP in Switzerland and Pending Home Sales are only a small portion of the events today. Let’s see what’s on the crowded calendar:
Australian Building Approvals start the day with an [...]

Forex Daily Forecast – November 30 2009

The new forex trading week starts off with the Dubai crisis still looming. Canadian GDP, and European inflation will stand out in day with events from all over the world. Let’s see what’s up for the last day of November.
Arabic version of this post
In New Zealand, Building Consents are expected to continue rising after a [...]

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