Archive for the Forex Markets Category
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USD/JPY Classical 03.10 (Daily FX)
USD/JPY: Has been very well supported on dips towards 88.00, and we look for the most recent sharp rebound to open additional upside over the coming weeks back above critical medium-term resistance at 93.75.
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USD Graphic Rewind 03.10 (Daily FX)
USD INDEX GRAPHIC REWIND
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Euro lower at $1.3550 in European morning trade (AP)
The euro is lower against the dollar amid ongoing concerns about Greece's finances and the strength of the eurozone economy.
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Fiscal issues hit euro, sterling; stocks flat (Reuters)
Concerns over Europe's fiscal problems hit the euro and sterling on Wednesday, while world stocks hovered near their recent six-week highs, though they were still up 66 percent from a low hit one year ago.
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Oil, Gold May Decline as Monthly US Deficit Hits Record (Daily FX)
Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.
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Strong China trade data point to rise in yuan (Reuters)
Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
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GBP/USD Classical 03.10 (Daily FX)
GBP/USD: Although the market remains locked in an intense downtrend, daily studies are in the process of unwinding from oversold levels. The risks from here are for some additional corrective relief, but ultimately, any gains should now be well cappe
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NZD/USD Classical 03.10 (Daily FX)
NZD/USD: Price action has been quite choppy of late, but ultimately we retain a bearish bias and look for the recent highs by 0.7080 to continue to cap gains ahead of an eventual break back below 0.6800 over the coming days.
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USD/CAD Classical 03.10 (Daily FX)
USD/CAD: Our overall outlook for the pair remains highly constructive and as such, any dips should be used as formidable buy opportunities. The 78.6% fib retracement off of the 2010 low-highs comes in by the 1.0300 area and although this level has be
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USD/CHF Classical 03.10 (Daily FX)
USD/CHF: The rally has finally stalled out for now ahead of 1.0900, with the market in the process of consolidating. The risks from here are for some additional sideways trade to allow for studies to unwind from overbought, ahead of the next major up
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