Forex Market General Overview

The Forex market general overview includes discussion and analysis of the economic prospects of a single country's currency.

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Most major currency pairs were confined to narrow ranges and volume was lighter than usual with most Asian and European markets closed. Trading resumed in the United States after markets were shut on ...... Read More

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Crown Forex 2008-26-12
 €The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3980 level and was supported around the $1.4025 level.  Many data were ...... Read More

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Exness 2008-23-12
EUR/USD continues to be in neutral state today. As it was discussed before, break of upper boundary of symmetrical triangle and crossing of Tenkan and Kijun lines of Ichimoku Kinko Hyo gave the ...... Read More

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2008 has been a year full of tumultuous events for financial markets, with the failure of some of the brightest names in the banking sector and wholesale government rescues being mounted for most of ...... Read More

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Exness 2008-23-12
GBP/USD continues to form consolidation after strong fall from 2.1161 to 1.4469. According to daily chart, the retreat to 1/5531-1.4469 trading range indicates that there can be “bullish trap”. It ...... Read More

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Crown Forex 2008-22-12
euroThe pair entered a downside wave and we now see it trading above the 38.2% correction for the ascending channel that started on 4-12-2008 where we expect to see slight inclines today as far as ...... Read More

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Please open the attachment to see technical analysis for the 19th Dec on the EURUSD cross... Read More

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The Dollar dropped to 2-month lows against the Euro and a basket of currencies on Monday on speculation the Federal Reserve will cut interest rates to near zero this week, further eroding its yield ...... Read More

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A perception that the EURUSD has bottomed is floating around. The logic for this theory is that the EU zone economy is showing less strains than the US economy. Add to that the words from Trichet who ...... Read More

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Current EnvironmentThis past week sterling waged and lost a demoralized battle against the major currencies. The weaker than expected PPI Input (-3.3% m-o-m) pointed to a level of economic weakness ...... Read More

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The Dollar fell broadly on Thursday, hitting 7-week lows against the Euro and Yen, as safe-haven demand faded and investors began booking year-end profits following months of steady Dollar buying. ...... Read More

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Forexpros (Jason Alan Jankovsky) 2008-11-12
Rate continues to hold above previous support. Spillover from GBP helps hold the rate above support at 1.2950 area but lack of follow-through above 1.3050 a caution to the bulls. Buyers are willing ...... Read More

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The Dollar rose against most major currencies on Tuesday as more weak global economic data renewed fears of a worsening crisis, slowing down a Wall Street rally and prompting safe-haven flows into ...... Read More

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AceTrader 2008-10-12
INTRA-DAY EUR/USD OUTLOOK : 1.2933Updating time : 10 Dec 2008 06:37 GMTAlthough euro has retreated after intra-day re-bound to 1.2960 n consolidation below there wud beseen with mild downside bias, ...... Read More

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Crown Forex 2008-04-12
goldA downside pattern is forming and will be confirmed with trading below 761.95, assessing intraday momentum indicators they are reflecting trading in oversold areas while the downside wave is ...... Read More

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Crown Forex 2008-03-12
goldThe support level at 764.40 was capable of reverting gold to the upside to close the day yesterday above the 38.2% correction at 776.95 and for that our expectations are still for further upside ...... Read More

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The Dollar and the Yen fell against the Euro on Tuesday as a stock market rebound reduced demand for safe havens. Shares on Wall Street rose sharply in the last hour of trading after Monday's ...... Read More

 
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