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February 2009

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EUR/USD – Pullback to the Line

By admin on 28/02/2009

After breaking down cleanly below the uptrend support line extending from the long-term low hit in late October, price action on EUR/USD, a daily chart of which is shown, has pulled back up to the line, which should now act as some resistance for the pair. To the downside, any subsequent breakdown below the 1.2500 region [...]

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Forex Trading Weekly Forecast – 03.02.09

By admin on 28/02/2009

US Dollar Testing 3-Year Highs as NFPs and Nationalization Loom Euro Forecast at Risk Ahead of European Central Bank Rate Decision Japanese Yen May Fall…

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New Zealand Dollar At Critical Support Level, More Losses Ahead?

By admin on 28/02/2009

A week of bearish fundamental data and a bout of risk aversion would end up leading the New Zealand dollar to break below the 0.500 price level. The RBNZ…

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Swiss Franc To Hold Bearish Trend as Growth and Inflation Falter

By admin on 28/02/2009

The Swiss franc is likely to face increased selling pressures over the following week as the economic docket is expected to show a deteriorating outlook…

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Canadian Dollar Finally Taken to Task for Interest Rates and Growth

By admin on 28/02/2009

Will the Canadian economy weather the global recession better than its G10 counterparts? Will the central bank holds the nation’s benchmark lending rate…

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US Dollar Testing 3-Year Highs as NFPs and Nationalization Loom

By admin on 28/02/2009

The world’s most liquid currency ended the week in a precarious technical and fundamental position. For those watching the charts, the Dollar Index closed…

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British Pound to See Volatility on Conflicting BOE Expectations

By admin on 28/02/2009

The British Pound is nearly assured a volatile week ahead as a multitude of conflicting leads ahead of the interest rate announcement from the Bank of…

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Markets And Sentiment Testing New Lows Despite Policy Makers Efforts

By admin on 28/02/2009

Months ago, policy markers were desperately trying to curb fears of a financial crash with sharp interest rate cuts and massive bailouts. And, while the…

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