The latest news, technical and fundamental analysis, charts, tools, education by IBT FX Center, designed to help international forex traders to trade fully informed and realize their full trading potential. http://www.ibtimes.com/rss/feed-forex.xml All articles are copyrighted by IBTimes.com The Euro foundsome support below the 1.25 level against the dollar on Thursday, but struggledto make significant headway. Increasingfears over the US fundamentals is being offset by dollar support on risk aversionand fears over a sharp global downturn. There is the prospect of a furthertough battle ... http://www.ibtimes.com/articles/20081122/daily-currency-analysis-nov-22.htm Sat, 22 Nov 2008 12:00:02 EST USDJPY trades in range between 90.92 and 100.54. The rise from 90.92 is now treated as resumption of up trend. Rise to test 100.54 is still in favor next week. A break of this level will confirm that the down trend from 110.66 has completed. Key support is at 90.92, only break down below this level will signal deeper decline towards 87.00 zone. http://www.ibtimes.com/articles/20081122/usdjpy-trades-in-range-between-90-92-and-100-54.htm Sat, 22 Nov 2008 08:30:18 EST After trading sideways-to-lower most of the week, the EUR USD finished the week with a strong gain on Friday. The market appeared to be trading in a holding pattern throughout the week, but finally erupted after the Obama administration announced its nominee for Treasury Secretary. http://www.ibtimes.com/articles/20081121/traders-renew-appetite-for-risk-as-obama-names-treasury-secretary.htm Fri, 21 Nov 2008 18:34:04 EST The greenback rose against the Japanese yen from 93.65 to 95.99 on news that New York Federal Reserve President Timothy Geithner will be nominated as President-elect Barack Obama's Treasury secretary. Geithner has been instrumental in putting together a bail-out package for U.S. financial institutio... http://www.ibtimes.com/articles/20081121/dollar-rises-versus-yen-in-late-rally-of-u-s-stock-markets-on-geithner-news-nov-21.htm Fri, 21 Nov 2008 18:24:00 EST The greenback fell sharply against the majors early in the Friday session before regaining its footing by the New York afternoon. The dollar briefly fell to 1.5059 against the sterling and 1.2636 versus the euro. Trading in the foreign exchange market remained choppy and volatile, benefiting the J... http://www.ibtimes.com/articles/20081121/usd-recovers-from-overnight-selling.htm Fri, 21 Nov 2008 15:32:02 EST The Euro foundsome support below the 1.25 level against the dollar on Thursday, but struggledto make significant headway. Increasingfears over the US fundamentals is being offset by dollar support on risk aversionand fears over a sharp global downturn. There is the prospect of a furthertough battle ... http://www.ibtimes.com/articles/20081121/daily-currency-analysis-nov-21.htm Fri, 21 Nov 2008 12:00:01 EST The Canadian dollar moved higher vis-à-vis the U.S. dollar today as the greenback tested bids around the C$ 1.2740 level and was capped around the C$ 1.2980 level. http://www.ibtimes.com/articles/20081121/cad-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:48:13 EST The Australian dollar moved higher vis-à-vis the U.S. dollar today as the Aussie tested offers around the US$ 0.6280 level and was supported around the $0.6075 level. http://www.ibtimes.com/articles/20081121/aud-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:46:47 EST The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.2175 level and was capped around the CHF 1.2300 figure. Swiss National Bank yesterday surprised the markets today by reducing interest rates by 100bps, its third reduction in rapid succession. http://www.ibtimes.com/articles/20081121/chf-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:44:43 EST The British pound appreciated sharply vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.5060 level and was supported around the $1.4710 level. Data released in the U.K. today saw home repossessions print at 11,300 in Q3, up from 10,100 in Q2. http://www.ibtimes.com/articles/20081121/gbp-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:43:42 EST The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥95.50 level and was supported around the ¥93.65 levels. As expected, Bank of Japan’s Policy Board kept its overnight call rate unchanged at 0.3% and Governor Shirakawa warned "The global economy is expected to experience a severe adjustment for some time. http://www.ibtimes.com/articles/20081121/cny-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:42:33 EST The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2635 level and was supported around the $1.2425 level. The common currency continued its ascent as traders continued to punish the greenback for a variety of factors. http://www.ibtimes.com/articles/20081121/eur-usd-fundamental-outlook-at-1500-gmt-est-0500.htm Fri, 21 Nov 2008 11:41:22 EST The USD retreated today from yesterday's three-week high, although, according to the ActionForex Technical team, the bias remain on the upside: "USD/CAD retreats mildly after extending rally to as high as 1.2984, just inch below 1.3015 high. At this point, though, intraday bias remains on the upside as long as 1.2545 minor support holds.." http://www.ibtimes.com/articles/20081121/usdcad-retreats-from-yesterdays-three-week-high.htm Fri, 21 Nov 2008 10:48:00 EST EurUsd Market dropped as low as 1.2330 on October 28th and sharply rebounded to 1.3298 high Thursday last week. This shows actual trading range 1.2330 – 1.3298 drawing a triangle consolidation pattern. On the downside, renewed weakness will open the way down to trendline support 1.2208. Next long-term support holds 1.1640 November 2005 low. Further support holds 1.0739 September 2003 low. http://www.ibtimes.com/articles/20081121/the-risk-today-november-21.htm Fri, 21 Nov 2008 10:35:38 EST The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets. Meanwhile, Dollar and Yen rose against the Euro and other high yielding currencies as investors sold risky assets such as stocks and commodities financed by loans denominated in the Dollar and the Jap... http://www.ibtimes.com/articles/20081121/currency-market-remains-nervous-about-25-billion-automakers-request-and-citigroup-recent-drop-to-14-.htm Fri, 21 Nov 2008 10:33:39 EST Another week is finishing today, with Asian markets gaining overnight and European session trading mixed after earlier rumors that Citigroup is up for sale. http://www.ibtimes.com/articles/20081121/dollar-bulls-are-still-in-control-but-for-how-long.htm Fri, 21 Nov 2008 08:45:03 EST The Dollar posted a gain against the Euro despite poor economic reports and projections for the U.S. recession to be longer and deeper than originally thought. Aversion to risk sent investors to the Dollar as the U.S. stock market plunged among fears that one, two, or all three of the major automakers would fail without aid from the government. http://www.ibtimes.com/articles/20081121/dollar-maintains-its-safe-haven-status.htm Fri, 21 Nov 2008 08:22:02 EST Consumer prices have posted a sharp deceleration in Canada in October, as upward pressures from gasoline prices have eased considerably, according to the latest report by Statistics Canada. http://www.ibtimes.com/articles/20081121/canadian-cpi-slowed-down-sharply-in-october.htm Fri, 21 Nov 2008 07:13:00 EST The U.S. currency descended against the Yen yesterday. Bottom level was reached at 93.54, and closing the day at 94.18. During the Asian session the currency couple traded around 94.70, due to the stabilization of financial markets overnight. In the short term we see possible consolidation in downward direction. The long term target remains at around 89.35. Immediate resistance levels are around 9... http://www.ibtimes.com/articles/20081121/usd-jpy-technical-analysis-21-november-2008.htm Fri, 21 Nov 2008 06:37:04 EST Sterling will gain some degree of protection on relative grounds http://www.ibtimes.com/articles/20081121/sterling-looks-for-relief.htm Fri, 21 Nov 2008 06:23:24 EST