International Business News - forecasts http://www.ibtimes.com/rss/feed/forecasts.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/forecasts.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Dollar's rebound after falling to a marginal low yesterday at 88.57 suggests a temporary low has been formed and consolidation with mild upside bias is seen, above 89.20 (yesterday's NY high) would encourage for gain towards 89.55 but break there is needed for retracement of recent erratic decline ... http://www.ibtimes.com/articles/20091123/usd-jpy-daily-market-outlook.htm http://www.ibtimes.com/articles/20091123/usd-jpy-daily-market-outlook.htm Mon, 23 Nov 2009 22:18:00 EST The Aussie dollar began the week on somewhat of a negative note with early Asian sellers pushing it down from the open of 0.9145 to a low near 91 cents. Support held however as local equity markets opened strongly and New Motor Vehicle Sales for the month of October increased by 3.7%. The AUD entered offshore exchange testing the 92 cent level finally consolidating gains above this level following an increase in risk appetite thanks mainly to upbeat European and U.S economic data. After topping ... http://www.ibtimes.com/articles/20091123/daily-forecast-24-11.htm http://www.ibtimes.com/articles/20091123/daily-forecast-24-11.htm Mon, 23 Nov 2009 16:47:36 EST EUR/USD Dollar is in consolidation in 1.48 – 1.50 range. Continuing consolidation is most likely technical scenario. Testing of 1.50 level is more likely than 1.48 level, because of upward mid-term momentum (MACD, ROC60). http://www.ibtimes.com/articles/20091123/technician-around-euro.htm http://www.ibtimes.com/articles/20091123/technician-around-euro.htm Mon, 23 Nov 2009 10:46:06 EST The euro trades higher today, recovering after Friday's dip, testing the downward trend line from 1.5045 which comes around 1.4950. The short-term charts show prolonged indecision as this range of 1.4820/50-1.5 has been valid for the last two weeks. http://www.ibtimes.com/articles/20091123/eurusd-daily-outlook-11-23-09.htm http://www.ibtimes.com/articles/20091123/eurusd-daily-outlook-11-23-09.htm Mon, 23 Nov 2009 07:36:24 EST Dollar falls sharply in Asian trading as gold marches to another record high of 1165 today. Asia stocks are generally higher and the Japanese yen retreats a bit. But after all, yen crosses are still staying in tight range and the weakness in yen is much milder comparing to the greenback. http://www.ibtimes.com/articles/20091123/daily-report-dollar-back-under-pressure-as-gold-soars-1165.htm http://www.ibtimes.com/articles/20091123/daily-report-dollar-back-under-pressure-as-gold-soars-1165.htm Mon, 23 Nov 2009 07:04:53 EST Despite the selloff to 1.4800 on Friday, euro's subsequent strong rebound from there suggests near term upside bias is seen and a firm breach of previous resistance would signal the pullback from 1.5049 has ended there, however, above this level is needed to confirm medium-term uptrend has finally r... http://www.ibtimes.com/articles/20091123/eur-usd-daily-market-outlook.htm http://www.ibtimes.com/articles/20091123/eur-usd-daily-market-outlook.htm Mon, 23 Nov 2009 03:24:00 EST Last week's currency trading review The Dollar gained as global stock markets suffered from bouts of profit taking coming off year highs. With the Exception of Gold and the Yen the USD was stronger against all currencies. US October Retail Sales were strong at 1.4% vs. 1.0% forecast. Also helping th... http://www.ibtimes.com/articles/20091123/weekly-outlook-usd-stronger-as-traders-take-profit.htm http://www.ibtimes.com/articles/20091123/weekly-outlook-usd-stronger-as-traders-take-profit.htm Mon, 23 Nov 2009 00:57:00 EST Although dollar has rebounded on Friday after holding above last week's low at 88.63, as the price action from there looks corrective, downside bias remains for recent decline from 92.33 to extend to 88.40/50, however, anticipated oversold condition should prevent steep fall below daily support at 8... http://www.ibtimes.com/articles/20091122/usd-jpy-daily-market-outlook.htm http://www.ibtimes.com/articles/20091122/usd-jpy-daily-market-outlook.htm Sun, 22 Nov 2009 20:56:00 EST CURRENCY TRADING SUMMARY - 23rd November (00:30GMT) U.S. Dollar Trading (USD) finished the weak on a strong footing with fresh multi-week highs against the Euro, GBP and AUD. Talk in the markets is of traders closing out short USD positions ahead of the end of the year and that weakness in global st... http://www.ibtimes.com/articles/20091122/daily-forex-outlook-usd-carry-trade-under-threat.htm http://www.ibtimes.com/articles/20091122/daily-forex-outlook-usd-carry-trade-under-threat.htm Sun, 22 Nov 2009 20:48:00 EST The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and n... http://www.ibtimes.com/articles/20091122/daily-forecast-23-11.htm http://www.ibtimes.com/articles/20091122/daily-forecast-23-11.htm Sun, 22 Nov 2009 16:07:08 EST Yesterday's strong rebound after marginal weakness to 1.4683 signals the decline from 1.5064 (14 month-high made earlier this week) has formed a temporary low there and consolidation with upside bias is seen for further gain towards 1.4900 but only a firm breach of 1.4928 would indicate aforesaid fa... http://www.ibtimes.com/articles/20091121/eur-usd-daily-market-outlook.htm http://www.ibtimes.com/articles/20091121/eur-usd-daily-market-outlook.htm Sat, 21 Nov 2009 00:04:14 EST Dow Jones and Nasdak Index Recommended Levels http://www.ibtimes.com/articles/20091120/ibtimes-fxstreet-forecasts-index-recommended-levels.htm http://www.ibtimes.com/articles/20091120/ibtimes-fxstreet-forecasts-index-recommended-levels.htm Fri, 20 Nov 2009 08:08:03 EST Yen remains firm today on broad based weakness in Asian stocks with Nikkei down another -0.54% to close at 0.9497. BoJ left rates unchanged at 0.1% as widely expected. The bank raised economic assessment and said that recovery is picking up due to various policy measures taken at home and abroad. Nevertheless, a "self-sustaining recovery" remains weak. http://www.ibtimes.com/articles/20091120/daily-report-yen-remains-firm-while-dollar-stays-range.htm http://www.ibtimes.com/articles/20091120/daily-report-yen-remains-firm-while-dollar-stays-range.htm Fri, 20 Nov 2009 07:08:11 EST Yesterday's strong rebound after marginal weakness to 1.4683 signals the decline from 1.5064 (14 month-high made earlier this week) has formed a temporary low there and consolidation with upside bias is seen for further gain towards 1.4900 but only a firm breach of 1.4928 would indicate aforesaid fa... http://www.ibtimes.com/articles/20091120/eur-usd-daily-market-outlook.htm http://www.ibtimes.com/articles/20091120/eur-usd-daily-market-outlook.htm Fri, 20 Nov 2009 06:34:13 EST Dow Jones : Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. http://www.ibtimes.com/articles/20091120/forex-dow-jones-recommended-levels.htm http://www.ibtimes.com/articles/20091120/forex-dow-jones-recommended-levels.htm Fri, 20 Nov 2009 03:38:03 EST The single currency rebounded after finding renewed buying at 1.4843, suggesting further choppy sideways trading inside near term established range of 1.4807-1.5049 would continue and only a breach of said upper level would confirm medium-term uptrend has resumed for re-test of 1.5064 and then 1.510... http://www.ibtimes.com/articles/20091120/eur-usd-daily-market-outlook.htm http://www.ibtimes.com/articles/20091120/eur-usd-daily-market-outlook.htm Fri, 20 Nov 2009 03:35:00 EST CURRENCY TRADING SUMMARY - 20th November (00:30GMT) U.S. Dollar Trading (USD) was very strong for most of the day as stocks around the world suffered from heavy profit taking and concerns of new bubbles in assets. Weekly Jobless claims were at forecasts of 505k whilst the November Philly Fed was str... http://www.ibtimes.com/articles/20091119/daily-forex-outlook-big-pull-back-in-global-stocks.htm http://www.ibtimes.com/articles/20091119/daily-forex-outlook-big-pull-back-in-global-stocks.htm Thu, 19 Nov 2009 20:52:00 EST Although yesterday's breach of previous sup at 88.73 confirms recent 'erratic' decline has resumed and expect initial consolidation before bringing further weakness, near term loss of momentum should prevent steeo fall today and reckon daily chart sup at 88.01 would remain intact. On the upside, onl... http://www.ibtimes.com/articles/20091119/usd-jpy-daily-market-outlook.htm http://www.ibtimes.com/articles/20091119/usd-jpy-daily-market-outlook.htm Thu, 19 Nov 2009 20:34:00 EST Australian Dollar: Average weekly wages increased by 5.2% in August and 0.9% for the year to date, down from 6.1% the previous month and 1.2% for the year to July. The news was enough to tip the AUD/USD below intraday technical support at 0.9270 to a low of 0.9220 in Asia yesterday. The Aussie dollar followed the Euro lower in early trade to revisit the 0.9130 level before bouncing back in late U.S trade following some relatively upbeat North American economic data. This morning sees the AUD ope... http://www.ibtimes.com/articles/20091119/daily-forecast-20-11.htm http://www.ibtimes.com/articles/20091119/daily-forecast-20-11.htm Thu, 19 Nov 2009 17:15:28 EST The single currency has fallen after meeting renewed selling at 1.4991 yesterday, suggesting further choppy consolidation below this year's top at 1.5064 would continue and weakness to 1.4807 is likely, however, break is needed to bring stronger retracement of recent upmove to 1.4750/60. On the upsi... http://www.ibtimes.com/articles/20091119/eur-usd-daily-market-outlook.htm http://www.ibtimes.com/articles/20091119/eur-usd-daily-market-outlook.htm Thu, 19 Nov 2009 08:04:00 EST