| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
USDCAD is in consolidation to up trend
USDCAD is in consolidation to up trend. Pullback towards 1.0500 to reach next cycle bottom on daily chart is possible next week. Key support is at 1.0410, as long as this level holds, we'd expect up trend to resume, and further rise towards 1.1200 could be seen after consolidation. However, a b... Sep 05, 2008 11:00PM
Chart of the Day - 9/05/2008 - AUD/USD
From a longer-term perspective on the AUD/USD daily chart, as shown, we can see that as of Friday morning in New York, price has closely approached and tentatively retreated from a very significant support/resistance level around the 0.8000 region Sep 05, 2008 12:18PM
USD/CAD: Dollar weakened in early US session
The Dollar has weakened against the Canadian Dollar and according to the ActionForex team, some more choppy trading could be seen: "USD/CAD weakens after in early US session as consolidation from 1.0776 is still in progress. More choppy sideway trading could still be seen below 1.0776 with risk of a... Sep 05, 2008 9:27AM
Canadian Ivey PMI declines larger than expected in August
Canadian PMI posted a well weaker than expected reading in August, declining to 51.5 from 65.5 in July according to the Ivey Purchasing Managers' Index. Sep 05, 2008 9:09AM
US Unemployment rises above expectations in August
Unemployment has risen somewhat above expectations in the United States in August, hitting the highest rate in the last 5 years, as non farm payrolls posted the sharpest decline of the last five months, according to data by the US Labor Department. Sep 05, 2008 7:50AM
USD/JPY Technical Analysis 5 September 2008
The US Dollar descended significantly yesterday against the Japanese Yen from this Thursday's top 108.54 to the bottom 105.89, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, as we expect for today, next support furt... Sep 05, 2008 6:23AM
Canadian unemployment rate remains unchanged in August despite slight increase in employment
Employment has picked up slightly in Canada during the month of August, following a considerable decline in July, while the balance of the first eight months of the year shows a much poorer work creation than in the same month last year, as the latest employment report by Statistics Canada shows. Sep 05, 2008 6:10AM
German Industrial production plunges in July
German industrial production has posted a well weaker than expected reading in July, according to the latest report by the German Ministry of Industry, which has warned about a weak period ahead for the German industrial sector. Sep 05, 2008 5:14AM
Forex and Dow Jones recommended levels
EUR/USD Today’s support: - 1.4223, 1.4197 and 1.4152 (main), where correction is possible. Break would give 1.4130, where correction also may be. Then follows 1.4093. Break of the latter would result in Sep 05, 2008 4:40AM
GBP/USD Technical Analysis 5 September 2008
The British Pound also descended significantly yesterday against the US Dollar from Thursday's top 1.7854 to the bottom 1.7539, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues as we expect for today, next support ... Sep 05, 2008 4:40AM
EUR/USD - Euro Dollar, European Session - 05/09/08
1,4223. EUR USD broke 1,4400 support. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) in... Sep 05, 2008 3:26AM
GBP/USD - British Pound Dollar, European Session - 05/09/08
1,7608. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD... Sep 05, 2008 3:23AM
Daily currency analysis - Sep 6
The Euro wasgenerally firmer in European trading ahead of the ECB interest rate decis... 
Darrell Jobman
Dollar Weakens as More U.S. Jobs are Lost
The holiday shortened week ended with the U.S. Dollar losing ground to most major cur... James A. Hyerczyk
So much for the period of consolidation I was expecting last week. The USD surge has ... Brian Dolan
Yen Rallies, Traders Await Jobs
The yen rallied sharply across the board, advancing to 186.20 against the sterling, 1... Korman Tam
