TechnicalCentral BanksForex Brokers
Trading Tools |
Forexpros Daily Analysis - Evening session - GMT
0
votes
Overnight Asia/Europe Today’s Economic Reports • 7:30 AM CDT Housing Starts and PPI forecast 995K and +0.3%, core +0.2% Looking Ahead • Friday is Philly Fed forecast -18.0 Summary USD/JPY Daily R3: .9900 Rate currently an inside range day with an upward bias suggesting that the selling is taking a break near-term ahead of data and FOMC today. The rate is severely oversold and technically is due for a bounce but traders expect any rally to be sold. Stops are likely close-in by late shorts as traders report CTA and model type accounts active yesterday and today on the sell side. Not much resistance ahead of .9820 area and .9900 so look for a sharp rise on USD friendly news. Close over the 9900 handle needed for extended rise. EURO/USD Daily R3: 1.5900/10 Rate sees late buying on follow-through from smaller accounts and CTA-type accounts traders say, volumes light and the rate appears to be grinding higher with little selling interest except for official offers in the 1.5800 area. Rate is very overbought and due for a correction and traders fear stops rolled up under the Monday low could be in size. USD friendly data today could spark a sell-off but any break would be seen as corrective. Aggressive traders can look to sell the rate after FOMC on positive USD news. Next Analysis:
Content Provided by:
Forex Trading Edge
At Forex Trading Edge, we believe our superior customer support is one of our many competitive advantages. Our staff is quick, friendly, knowledgeable and here for you every step of the way. If you are interested in trading currencies online, you will find that the FOREX market offers several ...
Disclaimer:
Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Please be aware of the forex risk. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Related Products Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
Which is the most important aspect when choosing a broker? |
![]() |
|
-
-
- 
Related Products

