AUDUSD’s upward movement extended to as high as 0.9175 level. Further rise towards 0.9221 previous high is still possible later today, minor consolidation would more likely be seen before breaking above this level. Support is now at 0.9053, a breakdown below this level will indicate that consolidation of uptrend is …

GBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at 1.5200 area. However, a break above 1.5597 will indicate that a cycle bottom …

Hiyo my avid forex fans! In my previous article about the euro, I mentioned that its recent rally after breaking down from what appears to be a head and shoulders formation could be over soon. However, a full blown breakdown and a reversal did not really pan out as the …

By Warren Seah – The Fastest Growing Market of Our Time According to the Triennial Central Bank Survey of the foreign exchange market conducted by the Bank for International Settlements and published in October 2007, daily trading volume hit a record of $3.2 trillion, up from $1.9 trillion in 2004. …

Welcome to a brand new month of trading! In today’s feature is the monthly chart of gold (kindly check here for my last post on it). The month of August was a good one for the gold bulls as the price of gold was able to rebound after if fell to …

Good day ladies and gents. Well, it’s been a pleasant couple of months or even years for the Japanese yen bulls. As you can see, the USDJPY has sunk for 4 consecutive months in a row! It’s actually been on a downward slope since the last quarter of 2007! Nice. …

Pick your movie metaphor, but it appears that the U.S. Dollar and the Euro are entwined in their own version of the “Last Tango in Paris”, where neither is sure where the relationship will head, but time marches on.  Ever since the Greek debt crisis hit the global stage in …

By David Adams – I have been a derivatives trader for the majority of my working career. I’ve noticed during that time that the word “derivatives” has garnered some very negative connotations. The fact of the matter is that the term derivative has a variety of meanings and can indicate …

By Russell Glaser – The Euro is coming back versus the dollar with the EUR/USD ending a period of range trading. Bearish bets on the euro have eased, and this is apparent in the latest technical buy signal, the golden cross. One of the easiest and most common trending systems …

By ForexYard – The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data today at 12:30 GMT…

By eToro – The Euro held steady as European Central Bank President, Jean-Claude Trichet, said a double dip was not in the cards, leading to speculation about the withdrawal of monetary stimulus. The ECB also increased growth forecasts for 2010 to 1.6%. Click here to read the full daily Review …

GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance is …

The Swiss franc (CHF) received an increase in strength today, as Swiss GDP figures came in better than expected over the last quarter. The USD/CHF erased almost all of its bullish tendencies which it had held in earlier trading, and dropped more than 60 pips following this morning’s announcement, reaching …

Risk sentiment continues to find support as figures out of the US yesterday suggested some of the recent economic fears could prove overblown, especially ahead of Friday’s crucial payrolls report…

By Greg Holden – The euro has been regaining its composure against its smaller North American counterpart due to recently boosted risk appetite. The Canadian dollar, to the contrary, has been under pressure lately due to a decline in crude oil futures as well as concerns that growth in the …

By Dan Eduard – Upbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up. A batch of new data today will largely determine whether the currencies like the euro and UK pound will be able to extend their gains. Here …

By ForexYard – Currencies like the euro and UK pound muted gains made yesterday as investors appear to be waiting on a batch of economic data set to be released later today. Signs that the global economic…

By eToro – Strong data in Asia, especially China and India lead investors back into riskier assets pushing the Euro above 1.28. The rally is creating a technical breakout, which could gain momentum if the EUR/USD pushes above 1.3000. Click here to read the full daily Review Forex Market Analysis …