» Weekly Review and Outlook: USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury …
31 Jul 2010, 4:29 pm | Action Forex (ALL)

Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 psychological. […]

» EUR/USD Weekly Outlook
31 Jul 2010, 9:03 am | Action Forex (ALL)

EUR/USD rose further to 1.3106 last week but faced strong resistance from mentioned cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466. […]

» USD/JPY Weekly Outlook
31 Jul 2010, 8:58 am | Action Forex (ALL)

USD/JPY dropped to as low as 85.98 last week and the break of 86.26 confirms that whole decline from 94.97 has resumed. Short term outlook will remain bearish as long as 88.11 resistance holds and cur. […]

» GBP/USD Weekly Outlook
31 Jul 2010, 8:54 am | Action Forex (ALL)

GBP/USD’s rally extended to as high as 1.5720 last week. The decisive break of 1.5521 resistance confirmed that whole fall from 1.7043 has completed at 1.4230 already. Initial bias will remains on the. […]

» USD/CHF Weekly Outlook
31 Jul 2010, 8:53 am | Action Forex (ALL)

USD/CHF’s break of 1.0399 support last week indicates that whole decline from 1.1729 has resumed. Short term outlook will now remain bearish as long as 1.0639 resistance holds. Current decline should. […]

» AUD/USD Weekly Outlook
31 Jul 2010, 8:44 am | Action Forex (ALL)

AUD/USD rose to as high as 0.9068 last week before turning sideway. Initial bias remains neutral this week and some more consolidations might be seen first. On the upside, above 0.9068 will indicate t. […]

» USD/CAD Weekly Outlook
31 Jul 2010, 8:43 am | Action Forex (ALL)

USD/CAD dipped lower last week but after all, it’s still bounded in recent converging range. As noted before, price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. […]

» EUR/GBP Weekly Outlook
31 Jul 2010, 8:33 am | Action Forex (ALL)

EUR/GBP’s fall from 0.8530 extended further last week and the break of 0.8316 support suggests that rebound from 0.8067 is finished. Initial bias remains on the downside this week and further fall sho. […]

» EUR/CHF Weekly Outlook
31 Jul 2010, 8:28 am | Action Forex (ALL)

EUR/CHF rose further to as high as 1.3817 last week but faced strong resistance inside 1.3733/4039 zone and reversed. The development suggests that whole recovery from 1.30723 has completed at 1.3817. […]

» EUR/JPY Weekly Outlook
31 Jul 2010, 8:23 am | Action Forex (ALL)

EUR/JPY rose to as high as 114.72 before retreating. The break of 113.40 resistance indicates that a medium term bottom is formed at 107.30. Hence, while some sideway consolidation might be seen initi. […]

» GBP/JPY Weekly Outlook
31 Jul 2010, 8:22 am | Action Forex (ALL)

GBP/JPY surged to as high as 137.52 last week before retreating. The break of 136.39 resistance indicates that whole rebound from 126.73 low has resumed. Hence, while some sideway consolidations might. […]

» The Dollar is on the Ropes, Again
31 Jul 2010, 7:07 am | Action Forex (ALL)

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MS. […]

» $/Cad, at Base of 3 Month Pattern
31 Jul 2010, 7:03 am | Action Forex (ALL)

No change in the view in $/cad as the market continues to form a large pennant/ triangle since the April low at .9935. As been discussing for quite some time, these are seen as continuation patterns,. […]

» USD/CAD Potential Triangle Break
31 Jul 2010, 7:01 am | Action Forex (ALL)

Price action on USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 res. […]

» USD/JPY Falls to Lowest Level This Year
31 Jul 2010, 6:57 am | Action Forex (ALL)

The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were. […]

» U.S. Market Update 7/30/10
31 Jul 2010, 2:02 am | FreshPips.com / All News

US equity indices opened lower this morning in the wake of the first reading of Q2 US GDP. The data lagged expectations somewhat, and the big upwards revision of the final Q1 reading to 3.7 from 2.7%. […]

» With the economy weak, expect low rates for now
31 Jul 2010, 2:02 am | FreshPips.com / All News

Mortgage rates are the cheapest in decades. Rates for auto loans have fallen as carmakers work with banks to expand lending. And money-market accounts and certificates of deposit are still paying next. […]

» Still fears over an underlying deterioration in the US econo
31 Jul 2010, 1:54 am | FreshPips.com / All News

The Euro-zone data was again stronger than expected with gains for business confidence while there was a further decline in German unemployment which helped underpin sentiment towards the economy. In. […]

» After hot start, big chill hits Canadian and U.S.
31 Jul 2010, 1:54 am | FreshPips.com / All News

The economy’s great slowdown from the initial fast recovery continued in May with a second consecutive month of underwhelming output that raised more questions about the Bank of Canada’s decision to r. […]

» Dollar falls to 8-month low vs yen on U.S. data
31 Jul 2010, 1:50 am | FreshPips.com / All News

The dollar hit its lowest since November against the Japanese yen on Friday as data showed growth in the world’s largest economy is slowing, reinforcing expectations for low U.S. interest rates into 2. […]