http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-28.htmlWhat happened After past FOMC decision that helped Wall Street close positive, a moderate recovery in risk appetite pushed the dollar and yen slightly lower in first Asian hours, yet the movement did not last: EUR/USD fell to a fresh six-month-low as worries about some European countries' fiscal health prodded investors to reduce their holdings of the single currency. Adding to Greece troubles, now Portugal issues are keeping the single currency under pressure, as the ECB has no aims toThu, 28 Jan 2010 14:03:10 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-28.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-27.htmlWhat happened Quiet Asian session kept supporting last days risk aversion mood across the board, with dollar and yen again being overall winners. However, Bank of Japan had a busy day, that halted Japanese yen strength, as  "Japan's economic conditions are likely to continue improving, although the pace of improvement is likely to remain moderate for the time being," the BOJ said in its monthly economic report; good news show exports in Japan rose on year for the first time 15 months inWed, 27 Jan 2010 13:57:13 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-27.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-26.htmlWhat happened Dollar and yen extended their rally past Asian and current European session, as more signs that China is putting the brakes on excessive lending prompted buying of the safe-haven Japanese currency, on worries about tighter monetary conditions pushing up risk aversion. Japanese yen reached the 89.50 area  against dollar while EUR/JPY  fell to a 9-month low of 126.20, after several news agencies reported that banks in China have been asked to curb lending, despite theTue, 26 Jan 2010 13:55:15 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-26.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-25.htmlWhat happened In a quiet Asian session, dollar rebounded against the Yen, as regional players bought the American currency following reports Sunday that U.S. Federal Reserve Chairman Ben Bernanke is set to be reappointed for a second term. Speculation amid Bank of Japan is also prepared to increase purchases of government debt later this week also support the movements. But in general, market sentiment remains negative, dominated by uncertainty over the strength of the U.S. economic recovery,Mon, 25 Jan 2010 14:03:56 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-25.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-22.htmlWhat happened Dollar has been slightly down since U.S. President Barack Obama's surprise proposals to tighten banking regulation and reduce the risk of another banking collapse were realized yesterday afternoon. However, greenback remains quite strong against most of its rivals compared to early week quotes: EUR/USD remains close to the 6 months low reached past Thursday, while GBP/USD lost the 1.6300 level to reach current 1.6100 area. No doubts, bigger loser in this risk aversion days areFri, 22 Jan 2010 15:06:12 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-22.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-21.htmlWhat happened Investors had been again dollar supportive since Asia opening, as worries about a market bubble in China continues spreading risk aversion across the board. News across the board had been quite encouraging however, particularly in Europe. Japanese demand for bank loans dropped the most in more than five years as companies cut spending, a central bank survey showed in Asia.  The report indicates that an increase in exports that pulled the economy out of its worst postwarThu, 21 Jan 2010 17:13:41 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-21.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-19.htmlWhat happened Dollar extended its fall in Asian session, particularly against Japanese Yen and Pound, on speculation that U.S. financial sector earnings may come in weaker than expected, which would likely hurt U.S. shares and weigh on long-term Treasury yields. USD/JPY tested the 90.30 support area, while Pound rose to 1.6460, while Euro remained weak as worries about Greece kept weighting on the hegemonic currency. Early Europe, things reversed strongly, as piles of mixed data hit the wires,Tue, 19 Jan 2010 15:28:51 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-19.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-18.htmlWhat happened As usual these last months, Mondays are slow motion journeys in forex market; Asian session exposed dollar weakness as this month data has fade any hope of a rate hike in the U.S.: unemployment negative numbers plus worse than expected Retail sales, had left dollar tumbling against most rivals. Euro however, seems to be an exception for that. The Greece's debt problems continued to weigh on the euro this morning, leaving the hegemonic currency as the only loser against dollar inMon, 18 Jan 2010 12:35:34 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-18.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-15.htmlWhat happened Dollar and yen were the major winners past Asian session, as risk aversion returned to markets Thursday: bad retail sales in the U.S. and ECB President Jean-Claude Trichet comments that the central bank isn't about to help Greece with its debt problems, after stating that the bank isn't going to give "special treatment" to any single country that finds itself in trouble, raised speculations on a Greek default. Early Europe, dollar held gains against most rivals, particularlyFri, 15 Jan 2010 15:23:04 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-15.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-14.htmlWhat happened In a quite busy European morning, majors are mixed against greenback after Wall Street opening, thus general dollar sentiment turned negative in the last few hours. Starting the day with good foot across the board, with a slightly positive tone, major crosses had spiked up and down without being able to confirm an intraday trend. Early Europe, German inflation accelerated in December to the fastest in eight months rising to 0.8% t from a 0.3% in November, the Federal StatisticsThu, 14 Jan 2010 15:17:24 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-14.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-13.htmlWhat happened Despite dollar rose against the yen in Asia, and majors remained under pressure, situation reversed in Europe. Dollar, that found support from some FED’s member hawkish comments regarding start rising rates and unwinding quantitative easing despite sluggish employment and to prevent inflationary pressure, had been short lived, as market players believe is unlikely for the FED to change current economic policy for the time being. Both Euro and Pound are higher in Europe, evenWed, 13 Jan 2010 14:06:21 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-13.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-12.htmlWhat happened In a quiet Asian session, greenback rose against some higher- yielding currencies after China signaled a move toward raising interest rates favoring demand for the safety of the U.S. currency. Japanese yen also rose in Asia, as risk aversion slightly returned to market. Dollar extended its rally, founding supports after Peng Junming, an official from China Investment Corporation's asset allocation department, said that the dollar "is at its bottom,” suggesting there will be litheTue, 12 Jan 2010 14:10:24 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-12.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-11.htmlWhat happened Greenback started the Asian session in a weak tone that extended during European session as past Friday unemployment data send away any small chance of a rate hike in the U.S. this first semester of the year. Early Europe dollar fall extended across the board except against Japanese yen, that remained consolidating in range; crude barrel reached the $ 84 level, while gold rose above $ 1160, putting further pressure on greenback. Risk appetite was also exacerbated by ChinaMon, 11 Jan 2010 15:28:53 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-11.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-08.htmlWhat happened As usual before Payrolls, almost nothing happened in the Asian session: majors remained range bound in tight ranges, with USD/JPY testing the 93.75 area and retreating after Japan’s new finance minister toned down his rhetoric about a weaker domestic currency, cooling speculation that Tokyo might act to push its currency higher if deemed necessary. Yet pair managed to hold the 93.00 level for most of the session as well as during early Europe. Data has been quite relevant inFri, 08 Jan 2010 12:18:34 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-08.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-07.htmlWhat happened Asian session started with risk appetite in full shape after Australian Trade Balance and Retail Sales come way above expectations: AUD/USD raised strongly dragging dollar lower against major rivals, except for Japanese Yen. But it did not last:  a number of bad news, including a surprise rate hike in China on its three-month bills for the first time since August, intensifying its grip on liquidity a day after it promised to keep credit growth in check, and a return to DubaiThu, 07 Jan 2010 14:02:51 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-07.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-06.htmlWhat happened Asian session saw greenback and the euro up against the yen on buying by Japanese pension funds, as rising commodity prices and recent strong U.S. data encouraged purchases of higher-risk currencies.  Pound, that has been under pressure most of this week, remained mostly range bounded with the upside capped by the 1.6060 level, while Japanese yen also fell against other rivals after the resignation of the Finance Minister Fujii. Early news in Europe send EUR/USD to test theWed, 06 Jan 2010 14:13:22 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-06.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-05.htmlWhat happened Dollar extended its fall against most rivals during Asian session, except Gbp that remained under pressure. Yen rose against all majors, on speculation some of the nation’s exporters took advantage of its declines to covert overseas earnings back into their own currency. Yen reached the 91.60 area against dollar, while GBP/JPY sunk to the 147.00 area after reaching the 150.80 level past Monday. Dollar downside pressure was also favored by commodities: a rally in oil, gold andTue, 05 Jan 2010 14:21:36 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-05.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-04.htmlWhat happened Since Asian opening, dollar has been under pressure, thus fall accelerate after European opening and strong rise in commodities that surged fueling demand for riskier assets. Oil topped $81 a barrel, while silver and copper jumped more than 2% on the back of stronger manufacturing data from China and India. European equities are higher, while gold keeps hovering under $ 1120/oz. Commodity currencies such as Canadian and Australian dollar are leading the gains, with the dollarMon, 04 Jan 2010 13:57:46 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2010-01-04.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-31.htmlWhat happened Despite half Asian markets were closed, stocks market managed to close to the upside, as market players seize the change to close the year positive, sending dollar slightly down across the board, except against Japanese yen. In general, market remained in tight ranges, moving inside this week values; profit taking after past Wednesday dollar rally, could also supported greenback fall. Gbp is the shining star today, rising 4 full cents since yesterday’s low of 1.5831 againstThu, 31 Dec 2009 14:07:38 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-31.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-30.htmlWhat happened Dollar remains quite positive since past Asian session, as appetite for riskier assets dilutes across the world: Asian stocks ended mostly negative, while Europe and U.S. futures are down since early Europe. Gold also gave up ground, quoting around the $ 1090/oz level, favoring dollar gains. The metal has a monthly low at $ 1074.50, so that’s the support level to watch today, as $ 1103 area is first strong upside resistance zone. Early data in Europe, show loans to households andWed, 30 Dec 2009 14:12:26 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-30.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-29.htmlWhat happened Asian session remained quiet with major crosses ranging following thin trading past American session, yet with dollar slightly up against Japanese yen, as hedge funds bought the greenback, betting that rising long-term U.S. interest rates could prompt global investors to purchase securities denominated in the U.S. currency. Dollar is down since European opening, particularly against commodity currencies, that rose above key levels: AUD/USD regained the 0.8940 area, 76.4%Tue, 29 Dec 2009 13:45:52 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-29.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-28.htmlWhat happened Market is lithe changed since past Friday’s close amid thin trading and holidays around the world: past Asian session, Australia and New Zealand markets remained closed, thus regional stocks market ended higher, with Nikkei 225 up 1.3% supported by firm USD/JPY and Japanese industrial production data, that rose to 2.6% on monthly bases, compared to 0.5% increase past month, the fastest pace in 6 months. Jpy fell against almost any major rival despite in tight ranges.  ChinaMon, 28 Dec 2009 13:48:00 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-28.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-24.htmlWhat happened Slow Asian session as Christmas and Year End holidays spread,  majors remained mostly quiet and range bound thus yen managed to appreciate slightly against greenback, reaching again the 91.30 support area. Dollar extended its fall across the board, still movement remains limited and still corrective of this December run higher. With no data early Europe, as half the region markets are closed, Euro seize the chance to recover to the 1.4420 area, supported by  GreekThu, 24 Dec 2009 14:21:35 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-24.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-23.htmlWhat happened After tight ranges during most of Asian and European sessions, market woke up with Wall Street opening; U.S. data has been quite disappointing today, as despite spending by U.S. consumers increased in November for the sixth time in seven months 0.5% and following a 0.6%  gain in October, while incomes climbed 0.4%, the biggest increase since May, reading were under market expectations, triggering a shy corrective movement against dollar that was exacerbated by new homeWed, 23 Dec 2009 15:24:59 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-23.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-22.htmlWhat happened Dollar trend remains intact despite the low volumes of this week, favored by gold that continue losing ground. After U.S. opening the metal approaches to the 1080 level, where some market rumors say that China and India could come back to buy to increase their reserves. Thus with the metal under the 61.8% retracement of last daily rally around 1102, strong resistance level ahead, I would expect further downside pressure there. If 1050 gives up, maybe we will need to get ready forTue, 22 Dec 2009 16:02:01 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-22.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-21.htmlWhat happened Thin pre Christmas trading is here, and volume remains mostly thin since Asian opening, with greenback still favored despite ranging across the board. Swiss Franc appreciation is no doubts the main driving factor of markets. EUR/CHF reached a 9 months high early Europe, triggering a “non official” SNB intervention in markets, that drove the pair higher, thus the bearish momentum persists. EUR/USD fell to 1.4280 at that time, still recovered to current 1.4350 zone, still holdingMon, 21 Dec 2009 14:08:00 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-21.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-18.htmlWhat happened Asian session started with a run to safe havens, triggered by some rumors of a coup in Pakistan, lately denied by government. Those rumors send EUR/USD to test the 1.4300 level, favoring not only dollar and Japanese yen, but also Swiss Franc. The currency fell to a multi-weeks low against Euro, reaching 1.4910 before rebounding to the upside, still capped by the 1.50 zone. Chances of intervention there coming from SNB are big, particularly a weak after last the bank said theyFri, 18 Dec 2009 14:02:02 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-18.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-17.htmlWhat happened Optimism over the U.S. economic recovery pushed dollar higher since past Asian session, after FOMC statement on Wednesday, slightly more hawkish than usual, when FED raised expectations that the end of the central bank's crisis policy is approaching; with dollar strength, bad data coming from other major’s economies, trigger the break out rally we are seeing before U.S. opening: The Pound was hit hard by a disappointing set of U.K. retail sales numbers, that dropped 0.3% on theThu, 17 Dec 2009 14:08:53 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-17.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-16.htmlWhat happened Asian session pass away leaving no much new to past American session, with dollar stronger ahead of today’s FOMC decision, yet majors mostly trapped in ranges, except maybe for Pound, that had resisted dollar strength over the last two weeks. European session started with more action yet not like yesterday: EUR/USD rose after the PMI reports for the euro zone showed that activity was stronger than anticipated. The composite PMI for the region as a whole came in at 54.2. TheWed, 16 Dec 2009 14:03:35 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-16.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-15.htmlWhat happened After a more than quiet Asian session, European opening bring a strong dollar recovery across the board, despite news that Abu Dhabi is essentially bailing out Dubai Word. Risk appetite failed to rule markets, while sentiment reversed over the American currency, due to much better data published earlier this month, related to employment and retail sales. Euro broke lower losing key 1.4620 support, after continued disappointment about the recovery in the euro zone, Greece'sTue, 15 Dec 2009 13:49:12 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-15.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-14.htmlWhat happened After past Fridays’ U.S. retail sales much better than expected, dollar managed to close a quiet positive week across the board, reaching some strong key levels against major rivals. Market continues working to leave for good the inverted correlation we had for almost one year, between stocks and dollar. Still the American currency behavior remains more attached to gold price than stocks, despite sentiment trade has ruled Asian session. High yielding currencies rose slightly inMon, 14 Dec 2009 14:04:55 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-14.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-11.htmlWhat happened Another quiet session in Asia, with majors mostly consolidating at previous days ranges, with the exception of Japanese yen, that lost ground against major rivals, as strong Chinese economic data fueled optimism about the global economic recovery, to the detriment of the safe-haven, Japanese currency. A timid wave of risk appetite drove the dollar lower and the euro higher in early Europe, after Moodys’ rating agency asserted that it has no plans to downgrade the triple-A ratingsFri, 11 Dec 2009 13:41:12 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-11.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-10.htmlWhat happened Despite Wall Street yesterday’s timid gains, Asian shares fell, failing to trigger some risk appetite across the board. Majors spent most of Asian, and early European session consolidating in tight ranges, while gold falling under the 50% retracement of the daily rally 1032.50/1226.30, around 1126. That keep dollar steady, despite rising stocks in Europe, and positive U.S. futures. Early data in Europe hardly affect markets, thus negative production readings in the euro zone keepThu, 10 Dec 2009 13:49:00 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-10.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-09.htmlWhat happened Risk aversion triggered yesterday after Fitch Ratings downgraded its view on Greece Tuesday and Dubai stocks tumbling further, extended during past Asian session, sending EUR/USD to a weekly low of 1.4665 and Pound to the 1.6160 area against greenback. Safe assets surged, with Japanese yen regaining the upside despite Japan’s economy expanded by much less than fist estimated in the 3rd quarter, as the revised figure print a 1.3% from a previous estimate of 4.8%. Dollar sunkWed, 09 Dec 2009 13:56:53 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-12-09.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-30.htmlWhat happened Following past Friday’s optimism recovery dollar fell since early Asia, supported also by rising stocks: Nikkei 225 close up 2.91%, while gold correct slightly to the downside, yet remains quite close to record highs, around $ 1170/oz. EUR/USD rose to the 1.5080 area, while Pound reached an intraday high of 1.6591, from where the pair retreat strongly. Dubai World’s debt remains a strong issue these days, as Dubai government stated that they won’t support the company. Fears amongMon, 30 Nov 2009 16:16:04 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-30.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-27.htmlWhat happened Starting yesterday early Europe, after U.K. banking stocks sinking due to bad debt issues in Dubai World, a huge constructing firm, risk aversion has triggered outrageous rally in dollar and yen. Past Asian session, a few minutes before Nikkei opening, yen started and upside rally that push the currency to fresh 14 years high against dollar, at 84.80, while several weeks highs against Pound and Euro. Nikkei 225 closed strongly down, European stocks opened to the downside,Fri, 27 Nov 2009 16:44:02 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-27.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-25.htmlWhat happened Gold keeps appreciating giving dollar no relief ahead of U.S. Thanksgiving Holiday. Both Euro and Yen had made substantial gains against greenback since early Asia, reaching several months highs, while as usually later, gold printed a fresh record high this time just under $ 1183/oz. EUR/USD break above 1.5020 resistance area send the pair to a yearly high of 1.5095, during European session, with the pair setting comfortable at current 1.5060 zone; corrective downside movementsWed, 25 Nov 2009 16:24:29 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-25.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-24.htmlWhat happened Despite Monday fresh high in gold, and dollar losing ground against most rivals, major crosses were still unable to leave past week ranges, and greenback bounced slightly up this Tuesday, since Asian opening. Nikkei 225 Stock Average was down 0.9%, while share prices in Hong Kong, Singapore and Korea were also lower, dragging Euro but more Gbp to the downside. Early Europe, Pound fall deeper after BOE’s   Governor Mervyn King said the central bank will raise theTue, 24 Nov 2009 16:22:29 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-24.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-23.htmlWhat happened While dollar started the week slightly up following past Friday’s general risk aversion sentiment, gold sudden gap to the upside to a fresh record high that keeps beating hour after hour, reversed risk sentiment and send greenback back down during both Asian and European sessions. Better than expected Euro zone economic activity also helped EUR/USD to retest  the 1.5000 level, after latest PMI figure rose to 53.7, up from 53 in the previous month, confirming economicMon, 23 Nov 2009 16:01:26 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-23.htmlhttp://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-20.htmlWhat happened Asian stocks falling, plus Japan’s government officially declaring that the economy has fallen into deflation due to weak domestic demand, has kick started a dollar rally that extended to American session; adding to negative sentiment regarding high yielding currencies, was the approach of the year end, that push investors to adjust positions.  Early economic data show that the Swiss recovery is not strong as it was believed: retail sales earlier this week were quiteFri, 20 Nov 2009 16:15:23 GMThttp://www.fxstreet.com/technical/market-view/analyst@fxstreet.com (FXstreet.com Independent Analyst Team)http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-11-20.html