Recap: The Aussie pushed to its highest level against the US Dollar since mid-January as the RBA hiked rates to 4.25%. Greek bonds and credit default swaps came under renewed pressure following the return of European traders from holiday and the EUR/USD fell to the 1.3350 area. The USD/CAD hit parity, the USD/JPY receded on lower US Treasury yields, and the GBP/USD managed to win back its losses from the overnight session. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
Produced by: DailyFX.com More Videos:dailyfx.com Daily wrap-up of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the next week and trading ideas.
The EURUSD rebounded today on the Greece aid and profit taking after the sharp move lower this week. The price is approaching good upside resistance at the 1.3421 level. The GBPUSD had more of a difficult time today as EURGBP buying caused some pressure in the Far east/London session. The USDCHF is testing some floor support in early trade and the USDJPY although down on the day, has been somewhat contained on the downside. USDCAD continues to use key moving averages as trading support and the AUDUSD has moved below the 100 day MA, but is trying to rebound above in early NY trading. For the information and to see the technical analysis associated with the moves, click on the video
Ichimoku Weekly Technical analysis for the Currency / Forex market. We analyze various currencies ie EURUSD, GBPUSD, USDJPY, USDCHF, EURGPB, EURCHF, etc. to determine what the sentiment for the market is as well as checking to see if a trend is occurring. If you are a day trader, swing trader, long term trader, etc, watch this video! You can follow us on twitter @ ichimokutrading
The Euro fell against its rivals following Trichet’s press conference in which the ECB did not provide a new plan to buy more sovereign debt. With equities higher and risk appetite continuing into a second session, we saw the EUR/USD rebound after some knee-jerk selling. Commodity currencies were stronger, with the AUD and CAD breaking some short term levels.
www.fxtimes.com – Forex News, Analysis, Education, Webinar, Live Events and More The euro rallied on the back of heightened prospect of a rate hike by the ECB. The EUR continues to push higher, the EUR/JPY is pushing towards 2010 highs, and the EUR/GBP could not break below this week’s low. We will also take a look at setups in the EUR/CHF, EUR/AUD, EUR/NZD, EUR/CAD. Fan Yang CMT Chief Technical Strategist FXTimes
www.fxtimes.com The dollar marched broadly higher Wednesday, as Treasury yields rose helping to make the USD more attractive. Investors looked to the short-term kick the US economy could get from an extension of the Bush-era tax cuts, and the possibility that it means the Fed may not have to increase the size and scope of its bond buying program. The Pound was stronger on a strong manufacturing orders report, but the Kiwi weakened ahead of its central bank decision. News Provided by FXTimes.com http Chief Market Analyst: Nick Nasad
Forex QUICK: EURUSD squeezed higher on Dow open above 11000. 1.3591 support now. 1.3628 resistance now.
March 18, 2009: EUR, USD – USD Collapse – EURO Jumping Higher – Melvin Harris ACM March 18, 2009. The FOMC left the key interest rates unchanged. In response, the USD got crushed by the EURO with eurozone currency weighing over 400 pips within minutes after the announcement. The committee also announced that it will purchase up to 300 billion dollars in long term treasuries over the next 6 months. Hear FOREXTV discussion with Melvin Harris of Advanced Currency Markets about how the market is reacting including the EURO jumping higher.