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Technical Focus: EURUSD

February 17, 2011 by admin Leave a Comment

EURUSD: Returns Above The 1.3494 Level. EURUSD: With the pair closing back higher above the 1.3494 level, its Dec 14’2011 high, its ability to strengthen further could be developing towards the 1.3744 level, its Feb 09’2011

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Technical Focus: EURUSD

Filed Under: Forex News Tagged With: 2011-high, its-ability, pair, returns, strengthen-further, the-1-3494, the-1-3744, the-pair

Chile May Resume Tightening, Raise Rate to 3.5% on Inflation Expectations

February 17, 2011 by admin Leave a Comment

Chile’s central bank will probably raise its benchmark interest rate today after pausing last month as accelerating economic growth has pushed inflation expectations to the upper limit of its target range. Policy makers led by bank President Jose De Gregorio will raise the overnight rate by a qua…

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Chile May Resume Tightening, Raise Rate to 3.5% on Inflation Expectations

Filed Under: Forex News Tagged With: after-pausing, benchmark-interest, inflation-expectations, its-target, last-month, the-overnight, the-upper, upper

Dollar extends losses vs euro, Swiss franc

February 17, 2011 by admin Leave a Comment

NEW YORK, Feb 17 (Reuters) – The dollar extended lossesagainst most major currencies on Thursday as U.S. yieldsslipped and concerns about tension across the Middle Eastboosted demand for non-dollar safe-haven …

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Dollar extends losses vs euro, Swiss franc

Filed Under: Forex News Tagged With: across-the-middle, currencies-on-thursday, dollar-extended, middle, middle-eastboosted, most-major, non-dollar-safe-haven, thursday, york

FACTBOX-Coming events in euro zone debt crisis

February 17, 2011 by admin Leave a Comment

Feb 17 (Reuters) – Following are upcoming events linked tothe debt crisis in the euro zone: IRELAND: ——– GOVT DEBT SUPPLY: — Ireland drew down the first 5 billion euros of an 85billion euro European …

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FACTBOX-Coming events in euro zone debt crisis

Filed Under: Forex News Tagged With: 85billion-euro, billion-euros, debt, down-the-first, drew-down, Euro, european, events-linked, govt, the-euro, the-first, tothe-debt

Bernanke: Implementation of the Dodd-Frank Act

February 17, 2011 by admin Leave a Comment

Chairman Johnson, Ranking Member Shelby, and other members of the Committee, thank you for the opportunity to testify about the Federal Reserve’s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). The Dodd-Frank Act addresses critical gaps and…

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Bernanke: Implementation of the Dodd-Frank Act

Filed Under: Forex News Tagged With: central banks, chairman-johnson, consumer, consumer-protection, dodd, federal, federal-reserve, members, ranking, ranking-member, street, street-reform

EURUSD moves higher toward next target

February 17, 2011 by admin Leave a Comment

The EURUSD has moved through the 1.3585 level (50% of the move down from the Feb 9th high) and approaches the high for the day at 1.3609. A move above this target will look toward the 1.3623 level and the 1.3630 level (See chart above). This is the 61.8% and the trendline resistance.

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EURUSD moves higher toward next target

Filed Under: Forex News Tagged With: area, from-the-feb, market insights, target, the-high, the-move, trendline, will-look

Canadian Currency Climbs to Highest Against U.S. Dollar Since March 2008

February 17, 2011 by admin Leave a Comment

Canada’s dollar rose to its highest level since March 2008 versus its U.S. counterpart as crude oil traded at almost a two-year high on Mideast political protests that renewed concern shipments will disrupted. The loonie outperformed other currencies tied to commodities including the Norwegian k…

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Canadian Currency Climbs to Highest Against U.S. Dollar Since March 2008

Filed Under: Forex News Tagged With: 2008-versus, crude-oil, currencies, including-the-norwegian, mideast, norwegian, political-protests, two-year-high

The NY Morning Forex Commentary

February 17, 2011 by admin Leave a Comment

In the Morning video commentary I take a look at the USDCHF, Gold, EURUSD, GBPUSD, USDJPY and USDCAD. What are the levels to watch as the NY morning progresses.

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The NY Morning Forex Commentary

Filed Under: Forex News Tagged With: levels, market insights, morning, usdchf

Currencies: Dollar falls after U.S. CPI rises

February 17, 2011 by admin Leave a Comment

The U.S. dollar trims early losses to steady versus major rivals in choppy but directionless trade ahead of the release of U.S.

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Currencies: Dollar falls after U.S. CPI rises

Filed Under: Forex News Tagged With: consumer-inflation, dollar-trims, early-losses, major-rivals, release, steady-versus, the-release

USD/CHF in a Bearish Attempt Within Range

February 17, 2011 by admin Leave a Comment

The 4H Chart shows the USD/CHF in a sharp decline. The parity level is now in the hind sight, and the market is looking at the 0.9330, 0.9300 lows.

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USD/CHF in a Bearish Attempt Within Range

Filed Under: Forex News Tagged With: chart, dipped-below, hind, market, parity-level, rising-channel, shows-the-usd, the-0-9330, the-hind, usd
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