Weekly review for 4.04 – 8.04, 2011

EURUSD The pair has reached channel line at 1.42557 which is a resistance level. At the same level is Fibonacci 23,6%. If the pair stays above 1.42557 the pair will rise to 1.44835. EURUSD The pair has reached channel line […]

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Weekly review for 28.03 – 1.04, 2011

During the morning trading on Monday the EUR/USD pair traded in the range of $1,4020-$1,4070. Euro was under pressure due to the influence

Does a Weak Dollar Cause Inflation?

Should investors be concerned that a weaker U.S. dollar causes inflation? The price at the gas pump should be a stark reminder that a weaker dollar may contribute

Improved Non-Farm Payrolls Driving U.S. Dollar Higher

The U.S. Dollar is mounting a strong rally thismorning against most major currencies in reaction to a slightly better thanexpected March Non-Farm Payrolls Report. The U.S. Dollar is mounting

ECB Rate Hike Likely After Inflation Data Supports Monetary Tightening

After a successfultest of the 1.4000 level, the Euro is once again posting strong gains astraders boost bets that the EuropeanCentral Bank will begin raising interest rates as

Commodity Demand Boosts Aussie Dollar

The AUD USD rosesharply overnight, negating Monday’s closingprice reversal top on prospects global growth will boost demand for commodities.Trader sentiment has rapidly shifted toward risk as the markets

Euro Traders Still Mulling Possible ECB Rate Hike

The Euro is tradinga little lower versus the U.S. Dollar this morning. Indecision seems to be thetheme as traders mull over whether the EuropeanCentral Bank has enough economic

USDCHF – Weekly

MACD convergence may support the pair to start corrections. Resistance is at 0.93264. Support is at 0.91074. USDCHF MACD convergence may support the pair to start corrections. Resistance is

AUDUSD – Weekly

AUDUSD The pair has broken 1.01873 and aiming to 1.03847. Resistance: 1.03847, 1.05810, 1.07806Support: 1.01873, 1.00031,

GBPUSD – Weekly

The pair has declined to triangle’s upper border and Moving Average (100) and testing this level for the support. If the pair breaks 1.59962 the pair will decline