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Daily FX Market Outlook by AceTrader 5-1-2011

  Market Review - 04/01/2011 21:21 GMT Dollar rises on upbeat US economic data The dollar recovered from 3-week low against euro on Tuesday as robust U.S. economic data suggested the U.S. economy was gaining strength and bolstered the greenback's appeal. US factory orders unexpectedly rose by 0.7% in November versus the forecast of decrease of 0.1%. Durable goods excluding transportation also recorded their largest gain in eight months and...

Dollar Advances Ahead Of ADP Non-Farm Payrolls Release

The dollar gained against most of its major currency rivals yesterday, partly due to expectations that this week's labor reports will provide further evidence that the U.S. economy is recovering. The first of these reports is the ADP's forecast for the past month's Non-Farm Employment Change. Large volatility is likely to take place due to this release, and traders are advised to be prepared. Forex Market Trends

Dollar Tumbles as Investors Turn to Riskier Assets

  The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the dollar as its positions are unwound in exchange for higher yielding assets. Forex Market Trends EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP Daily Trend no

Crude Futures Soar above $91 a Barrel

Crude futures hit a two-year high Thursday, reaching above $91 a barrel as several economic data releases from the U.S offered a brighter economic outlook for the world's largest oil consumer. Forex Market Trends EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP Daily Trend Weekly Trend down

Low Liquidity Leads to Erratic Price Shifts

  Markets were relatively muted in overnight trading, as a lack of news events have created a low liquidity environment. Still, there were some erratic price movements to start of the week. The EUR/USD pair once again dropped below the 1.3100 level and the GBP/USD has dropped over 40 pips since last night. Today, traders are warned that even the slightest activity in the market can create huge price shifts, seemingly ...

ForexPros Daily Analysis December 28, 2010

ForexPros Daily Analysis December 28, 2010 I will be posting this week but will be looking at the market in broader terms since light volume tends to make trading setups more volatile in shorter timeframes. Euro Dollar: On the daily, currently in a narrow range between 50% short at 1.31361, and full half way back for the year 50% long at 1.30738. Technically, the euro...

Euro rebounds against dollar after China's rate hike

Daily FX Market Outlook by AceTrader 28-12-2010 Euro rebounds against dollar after China's rate hike The single currency initially fell against dollar on Monday after weekend's quarter-point rate hike by PBOC in its key one-year lending and deposit rates on X'mas Day (its 2nd rise since mid-Oct) prompted traders to buy dollar and yen on risk aversion. Euro dropped to 1.3072 after the surprise rate hike but the single...

Forex Market Gets Ready for 2011

Forex Market Gets Ready for 2011 With slow trading expected today, investors will likely keep their eyes on the U.S. Dollar and whether it can maintain its recent upswing that it experienced last week. Set to be released later today, the U.S. Consumer Confidence report should give traders a good idea about the general direction of the greenback as 2010 draws to a close. Forex Market Trends

Real-Forex daily analysis: 28-12-2010

Real-Forex daily analysis: 28-12-2010 EUR/JPYGenerally speaking, the pair is actually moving aside. However, during the Monday’s session, it stationed around the daily support of 108.46. The bullish engulfing template the pair created suggests a reversing trend for the short term. Given this data, the future trend would be upward oriented, opening an opportunity to go “Long”.