日本語
Español
中文
- New York 01:16
- London 06:16
- Barcelona 07:16
- Tokyo 15:16
- Sydney 17:16
Currency Trading Majors Pairs
This report has been deactivated
0
0
EUR/USD Daily Chart
Thu, Jul 2 2009, 11:58 GMT
by Anna Coulling
The Euro received two significant boosts yesterday which at one point resulted in the EUR/USD touching 1.42. The first salvo was yet anti-dollar rhetoric from Fed Member Yellen clearly stating the necessity and desire to keep interest rates low - indeed he even went so far as to say: "we should want to do more. If we were not at zero, we would be lowering the funds rate" Next the Chinese weighed in with comments surrounding the reserve status of the US Dollar and their wish to have this topic included in next week's G8 summit in Italy. However, such comments from the Chinese have to be seen in the context of their view of time and history. For example when asked about the French Revolution Zhou Enlai is supposed to have responded that it was too early to judge its impact. Technically yesterday's candle ended on a wide spread up bar with only minor wicks to the top and bottom, and perhaps the most significant aspect was the support provided by the 9 day moving average which has now crossed the 14 day once again to present a bullish tone. With a holiday shortened trading week and the imminent collision of Europe and the US with their respective key fundamental news items today is not a day for trading, as only a break and hold above 1.43 will confirm the current upward momentum. I would suggest that today EUR/USD traders take the opportunity to look beyond the initial knee jerk reaction and take a longer term view but maybe not quite so long as the Chinese.
Published on Thu, Jul 2 2009, 11:59 GMT
Archive
- Forex Analysis GBP/USD
Published On Wed, Sep 16 2009, 08:30 GMT - Forex Analysis Euro vs Dollar
Published On Wed, Sep 16 2009, 08:05 GMT - Fundamental Forex News for Euro to Dollar
Published On Tue, Sep 15 2009, 08:38 GMT - USD Index
Published On Tue, Sep 15 2009, 07:40 GMT - Yen To Dollar Weekly Chart
Published On Mon, Sep 14 2009, 17:36 GMT
Master The Markets
| Monument House, 215 Marsh Road, Pinner, Middlesex HA5 5NE.
http://www.currency-trading-forex.com/ | anna@trading-online-help.com
Legal disclaimer and risk disclosure
The information on my web sites and blogs are for your general education only. Trading involves high risk and prices and values of all financial investments and instruments can go down as well as up. All the charts are shown for education purposes only and the words buy or sell are only shown to illustrate a point. All analysis, examples and commentary are provided for educational purposes only, and are strictly on a non-advisory basis. I will not be held responsible for your trading or investing results after reading these sites sites and my trades are not solicitations to buy or sell. I will not be held liable for any loss, howsoever arising, caused by anyone's reliance on information obtained from these sites.Related reports
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
Forex Technical Report - Dollar Trading Lower Ahead of U.S. Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:19 GMT
Related content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
CURRENCIES: Dollar Index Dips After Job Data Keeps Fed On Hold
Dow Jones | Fri, Nov 6 2009, 17:36 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.