Afternoon Forex Overview

The euro fluctuated in European trading hours Wednesday as traders responded to headlines on Greece, but the market's overall direction remained unclear, leaving U.S. data, due later, as still the biggest events of the day.

Early market patterns left traders frustrated. First, the euro swooned on German press reports that Germany

Source: ActionForexall Rss Feed

Morning Forex Overview

Uncertainty over the European Union's ability to manage Greece's debt problems, along with a slide in oil prices that tempered euro-zone interest rate hike speculation, sent the common currency to a six-week low against the yen in Asia Tuesday.

Forex Weekly Trading Forecast 05.08.11

Gold - Forex Correlations Reaching Record Levels for Commodity Currencies

FOREX: Dollar: What was the Catalyst for the Dollar Biggest Rally in Six Months and Will NFPs Keep it Going?

A long overdue correction was finally played out by the heavily battered dollar through Thursday’s session. For the short-term bullish trader, the ‘why’ is of little concern as move has been made.

FOREX: US Dollar May Give Back Some Recent Gains on Soft Jobs Report

The US Dollar may give back some of this week’s impressive gains as closely-watched labor market data show April saw the smallest jobs gain in three months.

Forex: U.S. Non-Farm Payrolls Expand 244K, U.S. Dollar Rally Cut Short By Risk Appetite

The 244K expansion in U.S. Non-Farm Payrolls certainly sparked a rebound in risk appetite, with the higher-yielding currencies gaining ground following the larger-than-expected rise in employment, but the data ultimately generated a bearish reaction in the USD, halting the near-term correction across the major exchange rates.

FOREX: Dollar Making Slow Progress on a Recovery as Capital Markets Slip through Data Low

Where the dollar was struggling to curb its consistent losses and post that desperately needed bullish close Monday, the currency would post a more comfortable gain through this past trading session.

FOREX: Focus Turns to US Data After China Sinks Risk Appetite

Sentiment trends are still in focus, with all eyes now focused on the US data calendar after hawkish comments from China’s central bank fueled risk aversion overnight.

Forex: Euro Outlook Heavily Dependent On ECB, S&P Sees BoE Rate Hike In Three-Months

The Euro maintained the narrow range carried over from the previous week despite the batch of dismal data that crossed the wires on Wednesday, and the EUR/USD may continue to trend sideways ahead of the European Central Bank interest rate decision as currency traders weigh the outlook for future policy.

Afternoon Forex Overview

The euro fell across the board Thursday after European Central Bank President Jean-Claude Trichet hinted that a rate rise in the euro zone at the bank's next meeting was unlikely, disappointing investors hoping for a hawkish tone.

The single currency shed 0.7% against the dollar, trading as low as USD1.4717, the

FOREX: Dollar Maintains Congestion Between Positive Risk Trends and Disappointing Data

Through the past week, the dollar has essentially gone nowhere – yet that is better than suffering the continued pain of a selloff that has already driven the pair the currency down for months. Looking at the Dow Jones FXCM Dollar Index, we see that the currency has moved little more than 100 points since last Wednesday (now at 9418).

FOREX: Euro Volatility Likely Amid Mixed Cues Ahead of ECB Rate Decision

The Euro is likely to turn volatile as the ECB delivers its interest rate decision as conflicting indicators cloud the outlook for monetary policy over the coming months.

Forex: Euro Correction To Gather Pace As ECB Delays Exit Strategy, All Eyes On U.S. Non-Farm Payrolls

The Euro sold off during the press conference with European Central Bank President Jean-Claude Trichet, and the near-term correction in the single-currency may gather pace going into the end of the week as the central bank softens its hawkish outlook for monetary policy.

Morning Forex Overview

The dollar found some respite in holiday-thinned Asia trade Friday, with the euro and many regional currencies pausing in their upward march, but the Chinese yuan popped to another record high. Currencies that have ridden a wave of risk appetite and dollar-phobia in recent days, such as those of Australia,

Forex Technical Analysis

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Forex Technical Analysis

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Afternoon Forex Overview

The U.S. currency was pushed down further after economic indicators pointed to a dismal employment picture and slowing economic growth.

First-time claims for unemployment benefits jumped by 25,000 to 429,000, indicating employers might have recently slowed their hiring recently. Economists were expecting claims to fall to 395,000.

Forex Exchange Morning Report

The risk seeking behaviour of the past 10 days was less apparent last night. US GDP data and jobless claims disappointed, validating the US central bank's easy policy. The S&P500 was initially in the red but recovered to be up 0.2% currently. Commodities were muted by the US data, the

Daily Forex Update: USD/HKD

Autochartist has identified highly Uniform Falling Wedge chart pattern on the daily USD/HKD charts. The Quality of this chart pattern is measured at the 5 bar level as a result of the low Initial Trend (rated at one bar level) and high Uniformity and Clarity (measured at 8 and 7