Forex Video Technical Update 6.11.2011 – US Dollar Bounces Back After a Pause to Recovery


www.fxtimes.com – Forex News, Analysis, Education, Webinars, Live Events, Charts, Videos and More… This week ended with the market putting on USD-strength. We had a recovery in May when commodity prices dropped, but the market looked to be abandoning the USD recovery in the last couple of weeks. Let’s take a look at the EUR GBP/USD, USD/JPY, USD/CHF, AUD/USD, and USD/CAD charts to monitor this second attempt at US Dollar recovery. Fan Yang CMT Chief Technical Strategist FXTimes Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

Daily Video Recap (8/15): Greenback Rebounds After Bernanke


Bernanke reiterated what we already know, that quantitative easing is coming, but he didn’t offer new specifics. The Dollar fell following his speech, but then rebounded in NY trading on profit taking and some risk aversion in US stocks. We leave this week with the Dollar near parity against the Australian and Canadian Dollars, and near multi-month lows vs the Pound and Euro. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad

Forex Technical Update 10/29/2010 – Monitoring USD after Q3 GDP Data


The US Dollar has been consolidating under the sentiment that QE 2 is not as significant as the market has been pricing in. The GDP data for the UK was better than expected and is giving the Sterling a footing for a recovery. The USD has been consolidating in the past couple of weeks. We do have Non-Farm Payroll data coming out of the US next Friday, so I would suspect some further choppiness. There was some bias to dollar strength, but that might be over due to the less than impressive GDP data for the US (2.0% est. 2.1% prev. 1.7% rev. from 2.4%). The market may be getting ready to continue dollar weakness – meaning we may testing some resistance areas to start next week in pairs such as the EUR/USD, GBP/USD, AUD/USD and XAU/USD (Gold). The USD/JPY is already hammering at the 80.40 support, and the USD/CHF may also have topped off looking for a retest of support. Fan Yang CMT Chief Technical Strategist www.fxtimes.com