| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
EUR/USD: Euro's fall continues further
FXstreet.com (Barcelona) - The European common currency has continued depreciating today against the dollar, and according to the ActionForex Technical Team, the bias now is on the downside: "EUR/USD's fall from 1.6038 extends further to as low as 1.5777 today and at this point, intraday bias remains on the downside as long as 1.5797 minor resistance holds."
From now on, according to the ActionForex Team, the odds stand as follows: "As discussed before, further decline could now be seen to 100% projection of 1.6038 to 1.5783 from 1.5944 at 1.5689. Nevertheless, rise from 1.5302 is still expected to resume as long as downside is contained above 1.5611 support. Above 1.5797 minor resistance will turn intraday outlook neutral first. Further break of 1.5944 resistance will bring retest of 1.6038 high first."
USD/CAD: Dollar weakened in early US session Sep 05, 2008 9:27AM- Canadian Ivey PMI declines larger than expected in August Sep 05, 2008 9:09AM
- US Unemployment rises above expectations in August Sep 05, 2008 7:50AM
- Joshua Shapiro, chief economist at MFR Sep 05, 2008 10:36AM
- David Resler, economist at Nomura Securities Sep 05, 2008 10:26AM
- Steve Goldman, market strategist at Weeden & Co. Sep 05, 2008 10:26AM
Daily currency analysis - Sep 6
The Euro wasgenerally firmer in European trading ahead of the ECB interest rate decision,but was unable to hold above 1.45 against the US currency.The...
ibt_fx_center
Trichet Expected to Remain Hawkish as Traders Await ECB Rate Decision
The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss. Traders attributed the... nythomas1
Rpchost.com - Free Forex strategies and video training
Every period of time I will post new forex strategy in this forum, you can test it and use it in your forex trading. Today's strategy is :
Bollinger... rpchost
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