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Forex Trading News Archive14-Mar-2010
Fxstreet.com (Barcelona) - After rebounding strongly from the 1.5800 support level, the Cable has rising more than 100 pips in the last hour to reach levels above 1.5900. Currently the pair is trading around 1.5905/15 in its recovery path, but yet 0.40% below today's opening price action. Forex: EUR/USD rebounds from 1.3805 and tests 1.3860 (The Forex Market) FXstreet.com (Barcelona) - After finding support at 1.3805, the Euro recovery against the Greenback has tested the 1.3860 in a 60 pips increases in the last hour. The pair is trading around 1.3840/50, 0.90% below today's opening price. Forex Market Update: U.S. Dollar Mixed, British Pound Continues to Fall as Political Tensions Linger (Daily FX) The USD briefly extended Friday's gains in Asian trading against some currencies, successfully sending EUR/USD to 1.3928 and Kiwi to lows of 0.6240 and USD/CAD to 1.1206. GBP/USD, weighed down by ongoing political woes in the wake of the rejection of the Labour party in the weekend's European elections, extended losses to 1.5927. AUD/USD managed to hold above Friday's lows of 0.7920 with USD/JPY ... Forex Strategy Outlook: Systems Latch on to US Dollar Reversal (Daily FX) A strong reversal in the US Dollar has led several of our strategies to go long the US currency, and a continued dollar rally could allow for further gains in many of our favored forex trading signals . The nimble Momentum2 trading strategy latched on to clear shifts in forex sentiment and went short the British Pound and Euro against the US Dollar?clearly benefiting from Friday?s impressive ... Forex: USD/CAD rises to test 1.1250 after rebounding from 1.1175 (The Forex Market) FXstreet.com (Barcelona) - After rebounding at 1.1175, coming from its 125 pips declines from 1.1290, fresh 1-week high, the USD/CAD has risen around 75 pips to test 1.1250 levels in the American session. Currently the pair is trading around 1.1225/35, 0.35% above today's opening price action.
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