Forex - Technical research
Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Tuesday,
11 September 2007,
23:05 GMT
Forex - Technical research and
Forexyard Daily Forex research
Forexyard Daily / Technical News
EUR/USD
On the 4 Hour chart, a rising wedge is forming which may imply a continuation of the bullish trend. It is recommended to time the entrance to the market with short term charts as 1.3758 seems like a strong entry point. At the moment the EUR/USD is trading around the 1.3720/1.3840 range.
GBP/USD
There is a very channel forming on the 4 Hour chart, as the pair now floats on the bottom level of it. The RSI and Slow stochastic are supporting the bullish notion, and we should see the uptrend continue at a steady pace. The next target price should be around 2.0310.
USD/JPY
USD/JPY is in a downtrend supported by 1Hour exponential moving averages. The volatility is low and the Bollinger bands are tightened.
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Tuesday,
11 September 2007,
23:02 GMT
Forex - Fundamental research and
Forexyard Daily Forex research
Forexyard Daily / Economic News
The last week's unexpected weakness in the labor market caused the USD to slump to a 15-year low against six of its most actively traded peers. Yesterday the USD was traded at 1.3808 against the EUR, which is only 0.4% below a record low of the 1.3852 reached in July 24th. The latest weak employment figures proved once again that the housing crisis hasn't been affecting the real estate sector only, but has expanded and now influences other markets as well. Given the circumstances, the Fed is highly expected to lower its benchmark rate by quarter of a point to 5% next week. Moreover, Federal Reserve Chairman Ben S. Bernanke, driven by the first drop in employment in four years, may even be forced to cut interest rates twice, reaching the 4.
• USD
• EUR
• JPY
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Tuesday,
11 September 2007,
22:55 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook at 1400 GMT (EDT + 0400)
The euro strengthened vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3840 level and was supported around the $1.3775 level. Traders await remarks from Federal Reserve Chairman Bernanke from Berlin later today. Comments from Fed officials yesterday evidenced a wide range of opinions concerning the effects of the current global credit crunch on the U.S. economy. Fed Governor Mishkin reported that if “heightened uncertainty” leads to further pullbacks in household and business spending, “it poses an important downside risk to economic activity.” The Federal Open Market Committee convenes one week from today and many traders believe the Fed will reduce the federal funds target rate by up to 50bps.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Tuesday,
11 September 2007,
21:44 GMT
Forex - Technical research and
Forexyard Daily Forex research
Forexyard Daily / Technical News
EUR/USD
The pair is in the middle of a very strong uptrend at the moment, and the breach through the 1.3740 level which was a strong resistance and a key Fibonacci level, indicates that the move is validated and we might see the positive momentum continue to the 1.3900 level. The hourlies are a bit overbought which indicates that buying on dips might be preferable.
GBP/USD
The uptrend the cable is going through seems to be very strong and the daily chart validates that there is still room to run. The 4 Hour chart is confirming that the momentum up is still quite strong and that 2.0400 is a valid next target.
USD/JPY
After touching the 112.80 level for the second time this month, the pair seems to be consolidating around the 113.
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Tuesday,
11 September 2007,
02:58 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 11, 2007
GMT 01:40
EUR/USD
Today’s support: - 1.3766, 1.3744 and 1.3726(main), where correction is possible.Break would give 1.3703, where correction also may be. Then 1.3686. Break of the latter would result in 1.3668. If a strong impulse, we would see 1.3652. Continuation will give 1.3638.
Today’s resistance: - 1.3810 and 1.3818(main). Break would give 1.3827, where a correction is possible. Then 1.3842. Break of the latter would result in 1.3860. If a strong impulse, we’d see 1.3891. Continuation will give 1.3904.
USD/JPY
Today’s support: - 113.25, 112.94, 112.70 and 112.60(main). Break would bring 112.39, where correction is possible.
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Monday,
10 September 2007,
21:37 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook at 1400 GMT (EDT + 0400)
The euro strengthened vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3815 level and was supported around the $1.3765 level. The common currency reached its strongest level since 8 August as traders continued to react to Friday’s weak U.S. August non-farm payrolls report that saw 4,000 jobs lost last month and sizable downward revisions to June’s and July’s tallies. Also, positive remarks from multiple European Central Bank officials over the weekend and today emboldened the common currency further. ECB President Trichet indicated there are strong indications the global economy will continue to expand despite the global credit crisis and said “"We will certainly remain alert at the global level.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Monday,
10 September 2007,
11:42 GMT
Forex - Fundamental research and
Forexyard Daily Forex research
Forexyard Daily / Economic News
The USD dropped massively on Friday upon the release of the US Job's report, and in particular because of the extremely negative -4K figure of the Change in Nonfarm Payrolls.
As could be easily predicted, investors and economists did not try to speculate or change their trading strategy on the present USD trend and continued to massively short the USD. The previous release was 68K, as the market expected 110K.
Today, there is no market moving news expected to come from the US, as the only release will be US Consumer Credit which is expected to go down from 13.2B to 8.8B, and will probably not cause a major price movement in the USD.
The U.S. economic development is in serious difficulty.
• USD
• EUR
• JPY
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