EURUSD Comment: The strongest ever monthly close and above 1.4800. Bullish momentum should increase this month and note that the Euro is not overbought. The psychological 1.5000 beckons. Note that other currencies (CHF, CZK, PLN, SGD) are leading, trading at or close to record levels against the US dollar.
Originally from Forex Technical Analysis Reports (ActionForex.com) on January 31, 2008, 4:28pm
In the currency markets activity has been fairly limited in the Asian trading session but the CAD weakened somewhat yesterday as the Macroeconomic releases from the US weighed heavily on the Canadian currency. We believe that any bad news coming out of the US will put further pressure on the…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on January 31, 2008, 4:14pm
As markets are waiting for the U.S. jobs report, the Euro is consolidating in the 1.48s and it looks like it is preparing for an upside movement that can go on above the 1.5000 level, yet it has to breach the 1.4910 the major resistance, while support areas are getting…
Originally from Forex Technical Analysis Reports (ActionForex.com) on January 31, 2008, 3:59pm
Friday in Asia, the Australian dollar largely moved sideways against its major counterparts.
Originally from RTT - Currency Trading Alerts on January 31, 2008, 10:12pm
This week was one of he most hectic and busy weeks in the history of the forex market, in times of tight crisis in the U.S. economy, today we’ve reached to the perfect ending to a perfect week, as the department of labor will announce the U.S. jobs’ report for…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on January 31, 2008, 3:52pm
The Euro still remains in the wide range, in which it is trading against the US Dollar from the middle of November, between the absolute top 1.4965 and the bottom from 20 December. The consolidation period may continue longer than usual, if the currency couple does not get the fundamental…
Originally from Forex Technical Analysis Reports (ActionForex.com) on January 31, 2008, 3:50pm
Euro 1.4870 Initial support at 1.4661 (Jan 25 low) followed by 1.4592 (Jan 24 low). Initial resistance is now located at 1.4880 (intraday pivot point) followed by 1.4966 (all time high).
Originally from Forex Technical Analysis Reports (ActionForex.com) on January 31, 2008, 3:21pm
The yen strengthened against its major counterparts around 1:20 am ET. As of now, the yen is worth 106.22 per dollar, 157.93 versus the euro, 98.15 against the franc and 211.40 versus the pound.
Originally from RTT - Currency Trading Alerts on January 31, 2008, 9:26pm
In early deals on Friday, the US dollar strengthened against the Pakistan rupee. The dollar-rupee pair that closed yesterday’s deals at 62.7 reached 62.74 by about 12:40 am ET. This set an 18-day high for the greenback. The US Non farm pay rolls data is expected later in the morning.
Originally from RTT - Currency Trading Alerts on January 31, 2008, 9:31pm
The issue with the close one is that it wouldn’t really allow a bullish divergence to develop in the 4-hour chart and thus, while I am not 100% happy with this, the weight of argument does suggest the further targets which could be as far as 1.5210 Euro and 1.0615-52…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on January 31, 2008, 3:14pm