Forex Technical Update 7/19/2010 Fan Yang CTA www.FXTimes.com This week, equity markets started somewhat subdued, with Asian markets sliding, and European and US markets giving away early gains. The dollar and yen were mainly gainers to start, but the dollar’s strength fizzled during the European session. The Euro also continues to position strongly. I will briefly go over charts of the EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and AUD/USD.
Looks like the US Dollar finally sees some life. In today’s trading, risk aversion was the major theme, and we saw the safe-haven Dollar gain sharply across the board. China’s one-year lending rate will increase to 5.56% from 5.31% starting tomorrow, and the deposit rate will increase to 2.5% from 2.25%. Higher yielders and commodity currencies slide sharply. News Provided by FXTimes.com www.cmsforex.com Forex Market Analyst Nick Nasad
Forex Technical Update 6/29/2010 Fan Yang CTA www.fxtimes.com The fear of a double dip scenario resurfaced again after about a month of relative risk appetite. The risk adverse moves today started in the Asian session and finally stalled in the US session. We can see many breakouts in volatility and price range. I will take a look at the GBP/USD, EUR/USD, EUR/JPY, AUD/USD, and USD/CAD.