International Business News - Technical Analysis Reports http://www.ibtimes.com/rss/feed/techanalysis.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/techanalysis.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif After a sharp drop from 1.6875, GBPUSD rebounded from 1.6460 level. However, the rise could possibly be consolidation of downtrend, another fall to 1.6300-1.6350 area is still possible after consolidation. Resistance is now at 1.6670 followed by 1.6720, only rise above these levels will indicate that the uptrend from 1.5708 has resumed, then another rise towards 1.6950-1.700 area could be seen to follow. http://www.ibtimes.com/articles/20091123/gbpusd.htm http://www.ibtimes.com/articles/20091123/gbpusd.htm Mon, 23 Nov 2009 20:51:33 EST Dollar is still under much pressure as Gold surges to as high as 1167.8 today and remains firm. Yen also follows dollar lower as European equities are lifted by solid PMI figures. http://www.ibtimes.com/articles/20091123/mid-day-report-dollar-pressured-yen-follows-on-risk-appetite.htm http://www.ibtimes.com/articles/20091123/mid-day-report-dollar-pressured-yen-follows-on-risk-appetite.htm Mon, 23 Nov 2009 17:40:00 EST The Cable has been relatively stable despite recent volatility in most Dollar crosses along with gold flying towards $1175/oz. Investors were sending the Yen lower earlier today after a set of positive EU PMI data points along with the Dollar weakening in reaction to recent dovish statements from Fed members. However, the USD/JPY has recovered earlier losses and is pushing higher towards 89 after U.S. Existing Home Sales topped analyst expectations. Therefore, it seems the USD/JPY's correlative ... http://www.ibtimes.com/articles/20091123/usd-jpy-continues-consolidation-amid-fx-fluctuations.htm http://www.ibtimes.com/articles/20091123/usd-jpy-continues-consolidation-amid-fx-fluctuations.htm Mon, 23 Nov 2009 14:05:58 EST The Cable has stabilized nicely after Friday's sizable selloff. The GBP/USD has popped back above its psychological 1.65 level and 11/12 lows as the currency pair benefits from a positive wave of EU and U.S. econ data. The set of Flash EU PMI data and U.S. Existing Home Sales came in altogether positive, and the S&P futures have responded by knocking on the door of previous 2009 highs. http://www.ibtimes.com/articles/20091123/gbp-usd-bounces-on-broad-based-dollar-weakness.htm http://www.ibtimes.com/articles/20091123/gbp-usd-bounces-on-broad-based-dollar-weakness.htm Mon, 23 Nov 2009 14:03:35 EST The EUR/USD has taken advantage of its relative strength on Friday stemming from ECB President Trichet's hawkish comments. The currency pair has since jumped back up to its highly psychological 1.50 level after of a wave of Flash PMI data that was altogether positive. Therefore, it seems the recovery in the EU's services and manufacturing industries is continuing at a steady pace. In addition to good news from the EU, U.S. Existing Home Sales just printed 400k hotter than expected(6.10m vs. 5... http://www.ibtimes.com/articles/20091123/eur-usd-rallies-strongly-on-positive-flash-pmi-data.htm http://www.ibtimes.com/articles/20091123/eur-usd-rallies-strongly-on-positive-flash-pmi-data.htm Mon, 23 Nov 2009 14:01:21 EST Investors felt confidence today as lack of fundamentals from the world\'s leading economy helped boost growth outlook for the United States therefore the Dollar as always played a major role in markets; pressuring investors to turn away from low yielding assets in the search of higher yielding assets... http://www.ibtimes.com/articles/20091123/stocks-commodities-gain-dollar-declines.htm http://www.ibtimes.com/articles/20091123/stocks-commodities-gain-dollar-declines.htm Mon, 23 Nov 2009 13:47:38 EST America's currency managed to close out last week higher against its major world counterparts, though the ephemeral rally quickly lost steam this morning on the back of dovish Fed rhetoric. A battery of key data last week, though somewhat mixed, nevertheless undergirded the dollar, bolstering sentiment that a nascent economic recovery in the US was well underway: Empire Manufacturing (23.51 in Nov. vs. 34.57 prior); Inflation Data (PPI: 0.3% in Oct. vs. -0.6% prior; CPI: 0.3% in Oct. vs. 0.2% pr... http://www.ibtimes.com/articles/20091123/daily-foreign-exchange-market-summary-23-11.htm http://www.ibtimes.com/articles/20091123/daily-foreign-exchange-market-summary-23-11.htm Mon, 23 Nov 2009 12:44:39 EST The pair is getting closer to the 1.5000 dollars per euro target. The bands of Bollinger show a volatility of 180 pips in the hour, while the RSI is clearly overbought.The Stochastic shows buying signs. http://www.ibtimes.com/articles/20091123/eurusd-daily-chartanalysis-15-45-cet.htm http://www.ibtimes.com/articles/20091123/eurusd-daily-chartanalysis-15-45-cet.htm Mon, 23 Nov 2009 11:32:02 EST The dollar and yen continued their slide today after the U.S. existing home sales news which came better than expected. The low-yielding currencies fell on Monday on speculations the FED will continue with their stimulus and low interest rate. The dollar index, a measure of the dollar\'s movements ve... http://www.ibtimes.com/articles/20091123/dollar-and-yen-continue-their-fall.htm http://www.ibtimes.com/articles/20091123/dollar-and-yen-continue-their-fall.htm Mon, 23 Nov 2009 11:31:13 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-australian-dollar-caution.htm http://www.ibtimes.com/articles/20091123/ise-fx-australian-dollar-caution.htm Mon, 23 Nov 2009 10:50:09 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-canadian-dollar-caution.htm http://www.ibtimes.com/articles/20091123/ise-fx-canadian-dollar-caution.htm Mon, 23 Nov 2009 10:50:09 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-swiss-franc-the-downside-prevails.htm http://www.ibtimes.com/articles/20091123/ise-fx-swiss-franc-the-downside-prevails.htm Mon, 23 Nov 2009 09:50:07 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-euro-under-pressure.htm http://www.ibtimes.com/articles/20091123/ise-fx-euro-under-pressure.htm Mon, 23 Nov 2009 09:20:15 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-british-pound-the-downside-prevails.htm http://www.ibtimes.com/articles/20091123/ise-fx-british-pound-the-downside-prevails.htm Mon, 23 Nov 2009 09:20:15 EST Update on supports and resistances. http://www.ibtimes.com/articles/20091123/ise-fx-japanese-yen-under-pressure.htm http://www.ibtimes.com/articles/20091123/ise-fx-japanese-yen-under-pressure.htm Mon, 23 Nov 2009 09:20:15 EST USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart and remains in downward trend. http://www.ibtimes.com/articles/20091123/daily-forex-analysis.htm http://www.ibtimes.com/articles/20091123/daily-forex-analysis.htm Mon, 23 Nov 2009 08:36:30 EST Swiss continued its downmove during the day and has broken below the Support at 1.0100 metioned earlier. 1.0050-30 is the next significant Support region to be watched for, a strong break below which might see further dip towards 0.9980-50 in the coming sessions. http://www.ibtimes.com/articles/20091123/fx-thoughts-evening.htm http://www.ibtimes.com/articles/20091123/fx-thoughts-evening.htm Mon, 23 Nov 2009 07:54:54 EST The Canadian dollar ended lower for a fourth consecutive session, capping off a losing week for the currency in which investor aversion to risk dampened demand for higher-yielding currencies such as the Canadian Dollar. http://www.ibtimes.com/articles/20091123/daily-review-canadian-dollar-cad.htm http://www.ibtimes.com/articles/20091123/daily-review-canadian-dollar-cad.htm Mon, 23 Nov 2009 07:53:57 EST The Japanese currency still flat in a tight range around 89.00 areas, pair has no clear cues for next trend development. USD/JPY traded with a low of 88.67 and with a high of 89.02. http://www.ibtimes.com/articles/20091123/daily-review-japanese-yen-jpy.htm http://www.ibtimes.com/articles/20091123/daily-review-japanese-yen-jpy.htm Mon, 23 Nov 2009 07:48:29 EST The pair has lost most of the gains achieved during previous days. http://www.ibtimes.com/articles/20091123/daily-review-british-pound-gbp.htm http://www.ibtimes.com/articles/20091123/daily-review-british-pound-gbp.htm Mon, 23 Nov 2009 07:36:08 EST