2 September 2010
| FBS
Forex trading volume reached $4 trillion a day
According to the data published by the Bank for International Settlements (BIS) every three years, currency trading volume around the world has reached $4 trillion a day that is 20% up from $3.3 trillion in 2007. |
2 September 2010
| ACM
Chinese & Australian Data Supports Risk Appetite
The better than expected Chinese PMI and Australian GDP gave risk appetite a boost and allowed for the accumulation of risk-correlated trades... |
2 September 2010
| iFOREX
Technical Analysis EUR/USD 1.2787
On Wednesday the Euro/Dollar rose sharply, climbing with around 180 pips. The European appreciated from 1.2667 to 1.2849 yesterday, matching the positive Interbank sentiment projection, at around +3%, closing the day at 1.2809... |
2 September 2010
Daily Forex Analysis
GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already... |
1 September 2010
| FBS
Downtrend for USD/JPY confirmed
The greenback rose from the multi-year minimum at 83.60 versus Japanese yen to yesterday’s maximum at 85.90. After that the pair USD/JPY pulled back moving down. |
1 September 2010
| FBS
Franc will gain in the short-term
Swiss franc climbed today to the record maximum versus the single currency at 1.2897. It happened as UBS AG’s index of consumption which is designed to predict changes for 3 following months rose last month to the 2-year maximum from revised 1.80 in June to 1.86 in July. |
1 September 2010
| FXCM
Australian Dollar Soars as Q2 GDP, Chinese PMI Top Expectations
The Australian Dollar surged against all of its major counterparts after second-quarter Gross Domestic Product figures showed the economy added 1.2 percent in the three months through June... |
1 September 2010
| ACM
Chinese & Australian Data Supports Risk Appetite
The better than expected Chinese PMI and Australian GDP gave risk appetite a boost and allowed for the accumulation of risk-correlated trades... |
1 September 2010
Daily Forex Analysi
AUDUSD formed a cycle top at 0.9029 level on 4-hour chart. Range trading between 0.8771 and 0.9029 is expected in a couple of days... |
1 September 2010
| FXCM
Dollar, Yen Fall as Risky Assets Rebound, US ISM Looms Ahead
The US Dollar and Japanese Yen sank as risk appetite firmed on Australian GDP and Chinese PMI figures in Asian trade. Stock index futures point to more of the same in Europe, but the US ISM report may derail risk’s advance... |
31 August 2010
| FXCM
Forex Fundamental Trends Monitor
Currency markets remain anchored to risk sentiment, with all eyes on the US economic calendar and especially Friday’s employment report amid increasing uncertainty about the continuity of the global economic recovery... |
31 August 2010
| ACM
Looking Forward to US Data
With the UK on a long weekend yesterday, Forex traders had a slight pause in what has been a frenzied month. Enjoy it while you can, because September is notorious for being a volatile month and especially in the equity markets... |
31 August 2010
| iFOREX
Technical Analysis EUR/USD 1.2660 - 31 August 2010
On Monday the Euro/Dollar started declining, as expected, dropping with just over 100 pips. The European depreciated from 1.2768 to 1.2633 yesterday, not matching the positive Interbank sentiment projection, at around +1%, closing the day at 1.2661... |
30 August 2010
| FBS
Commerzbank: USD/JPY may rebound to 87.90/88.10
Karen Jones, technical analyst at Commerzbank, said that last Tuesday the dollar fall to 83.60 — 15-year low. After the pair USD/JPY spring back through the week, eroding the resistance near April high and the 20-day SMA. |
30 August 2010
Daily Forex Analysis
EURUSD remains in downtrend from 1.3333, and the bounce from 1.2587 is treated as consolidation of downtrend. Resistance is at the upper border of the falling price channel... |
30 August 2010
| iFOREX
Technical Analysis EUR/USD 1.2747
On Friday the Euro/Dollar traded slightly upwards, making insignificant rise. The European appreciated from 1.2690 to 1.2768 on Friday, matching the positive Interbank sentiment projection, at around +1%, closing the week at 1.2757... |
30 August 2010
| ACM
Markets Await Chairman Bernanke & US GDP Data
Forex Markets are still peacefully trading in ranges as participant await US GDP and any news from Wyoming. Sentiment is stable with Asian regional indexes marginally higher helped by yesterday’s slight positive surprise in US jobless claims... |
27 August 2010
| FBS
Commerzbank: GBP/USD – retest of 1.5620/1.5715
Karen Jones, technical analyst at Commerzbank, said the pound rose to 1.5585 from 1-month low at 1.5370 on a recovery. |
27 August 2010
| ACM
FX Markets Wait for Wyoming
An uncanny tranquility has spread over the Forex Market this morning. There was a feeling leaving the office yesterday that renewed fears of a global double-dip recession and sovereign risks were going to spiral out of control... |
27 August 2010
Daily Forex Analysis
USDCAD failed to break above 1.0676 (Jul 6 high) resistance and formed a cycle top at 1.0666. Pullback towards 1.0400 area would more likely be seen in next several days... |
