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Wednesday,
07 November 2007,
18:00 GMT
Research
>
Forex - Fundamental research
Forexyard Research
07/11/'07 - Greenback Staring Down the Barrel
The bearish trend on the greenback continued yesterday as it once again got weaker against the sixteen most actively traded currencies, but mainly against the Cable and the 13 nation currency.
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Tuesday,
06 November 2007,
14:02 GMT
Research
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Forex - Fundamental research
Forexyard Research
06/11/'07 - USD weakness continues on all fronts.
Amidst once again surprising economic numbers, the greenback stayed relatively steady on Monday...
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Thursday,
01 November 2007,
17:53 GMT
Research
>
Forex - Fundamental research
Forexyard Research
Fed Cuts Interest Rate By 0.25%, Market Reacts Accordingly.
The main story yesterday was the much anticipated announcement of US Federal Interest Rate cuts. The Federal Open Market Committee (FOMC) cut rates by one quarter point to 4.5% to help change the trends in the struggling US economy.
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Wednesday,
26 September 2007,
03:12 GMT
Research
>
Forex - Fundamental research
Forexyard Research
Forexyard Daily (Fundamental)
Yesterday the greenback continued on its bearish path against most of the majors and it slipped to another new record low versus the EUR. The fears that the subprime crisis will spill over into the broader economy and actually begin to slowdown growth rekindled expectations that the Fed will further slash its 4.75 % key benchmark rate. An additional rate cut by the Fed could have a significant negative impact on the greenback as it will reduce the dollars appeal against the high yielding currencies and therefore it will lower the level of foreign investment coming into the US.
• USD
• EUR
• JPY
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Wednesday,
26 September 2007,
02:15 GMT
Research
>
Forex - Technical research
Forexyard Research
Forexyard Daily (Technical)
EUR/USD
Today, the 4 Hour chart implies on a possible recovery of the USD when both RSI (78) and Slow Stochastic (crossed at 82) are clearly in overbought territory. The 4 Doji bars imply on an upcoming move and it appears that going long might be preferable.
GBP/USD
The 4 hour chart notes that a tight bearish channel is forming and traders should seek the breakout to get into the market at a good entry point for a long position. However the daily chart indicates a breakout of the bullish channel, supporting the fact that the GBP depreciation would be maintained in the short term.
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