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Created by Forexsq On May, 29 2011
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Dollar Drops Against Major Trade Partners on Outlook for Economy

Posted by Forexsq 358 days ago (http://www.bloomberg.com)
img The dollar fell for a second week against its major trading partners as reports showing growth cooled in the U.S. fueled speculation the recovery of the world’s biggest economy may be stagnating.

New Zealand’s currency approached a record high after China Investment Corp. said it will buy the nation’s bonds. The Swiss franc rose to its strongest against the euro and the dollar as speculation i
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Currencies | dollar . u.s dollar economy All
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Will EURUSD Set For The 1.4441 Level

Posted by Forexsq 358 days ago (http://blog.fxtechstrategy.com)
img EURUSD: Having seen a second week of recovery on the back of its previous week gains and closed higher at the end of the week, further gains on that strength now targets the 1.4441 level, its May 09’2011 high. A cut through this level will push EUR further higher towards its May 06’2011 high at 1.4586 and ultimately the 1.4938 level, its 2011 high. The pair will have to turn above the latter leve
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Buy EUR/USD at 1.4275

Posted by Forexsq 356 days ago (http://www.actionforex.com)
img Buy at 1.4275, Target: 1.4400, Stop: 1.4240

Although the single currency has risen again after brief pullback, loss of near term upward momentum should prevent sharp move beyond 1.4450/55 (50% Fibonacci retracement of 1.4940 to 1.3968) and reckon 1.4490/00 would hold from here, bring minor correction soon.

In view of this, would not chase this move at current level and we would wait for sub
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Currencies - Its time to load up on the EURO

Posted by Forexsq 355 days ago (http://forexblog.oanda.com)
img The EURO has held despite this weeks theatrics. Greek restructuring is apparently off the table, for now at least. In translation, the ‘strong advice and preference of the ECB has prevailed’ over Euro politicians grandstanding. There are even some tentative signs in Greece that a compromise is attainable between the government and opposition. However, this does not mean there will be no restructu
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EUR/USD dips to 1.4450 after U.S Non-Fram payrolls

Posted by Forexsq 353 days ago (http://www.fxstreet.com)
img Forex - The Euro jumped to fresh 4-week highs at 1.4535 on Dollar weakness immediately after the release of disappointing US Non-Farm payrolls, to pull back afterwards on aversion to risk, and retreat to 1.4450 support area, which, so far, remains unbroken.

The pair is holding above 1.4450/55 support area (50% Fib retracement of the Ma5 5/23 decline), below here, next support levels are 1.4400
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Bernanke Wants a Weaker Dollar

Posted by Forexsq 351 days ago (http://finance.yahoo.com)
img Forex News - Axel Merk, currency expert and president of Merk Investments, thinks the U.S. dollar is going lower -- and it's Ben Bernanke's fault.

The United States has a "Fed that wants a lower dollar" Merk says, offering an opinion that everyone except the Fed accepts as fact. The Fed's goal is to attempt to limit the deleterious impact of the greater than 9% unemployment and the hangover ca
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Euro/EU-Optimism-Carries-EUR/USD-to-1.4600-While-U.S.-Dollar-Pressures-74.00

Posted by Forexsq 350 days ago (http://www.dailyforextradingedge.com)
img Forex - Two major psychological levels are in play. The EUR/USD continues its climb through 1.4600 looking for buying support above the level while the U.S. Dollar Index sinks as 74.00 gives way. Neither break has triggered an acceleration through the key levels which is an indication that the sentiment has strengthened.

The hesitation for the EUR/USD buying momentum north of 1.4600 comes from
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Dollar Selling Intensifies; Euro, Swiss Franc Benefit

Posted by Forexsq 349 days ago (http://online.wsj.com)
img Forex News - The dollar was under renewed pressure during European hours Tuesday as worries about foreign investor appetite for U.S. assets resurfaced and as concerns over the outlook for the U.S. economy and the future path of U.S. interest rates continued to nag.

The greenback fell to a fresh record low against the Swiss franc and a one-month low against the euro, with the dollar index also
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Euro overachieving ahead of Thursday’s ECB meeting?

Posted by Forexsq 349 days ago (http://www.tradingfloor.com)
img Forex News - The Euro remains strong despite further signs of delay on new Greece bailout as the market is getting all worked up about the potential for hints of an ECB hike in July from Trichet and company at this Thursday’s ECB meeting.

The FX Market has avoided the signs of duress one can easily spot with a quick glance around the world’s equities markets, which did manage, however, a small
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Euro drops due to Trichet speaks

Posted by Forexsq 347 days ago (http://www.fxstreet.com)
img Forex News - The Euro bounced higher immediately after Trichet opened its press conference after the ECB's monetary policy decision, although the pair turned lower shortly afterwards, and dropped to day lows against its main rivals.

EUR/USD jumped almost 100 pips, from 1.4570 to hit day highs at 1.4655 and plunged afterwards to 1.4535. EUR/GBP bounced from 0.8880 to 0.8920 to drop later to 0.8
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Euro Cross Pick

Posted by Forexsq 347 days ago (http://www.dailyfx.com)
img Forex News - Indeed, the EUR/GBP tumbled lower following the ECB interest rate decision, but the pair appears to be finding intraday support around 0.8850 as it pares the decline to 0.8846. As price action holds above former resistance, the exchange rate may trend sideways going into the end of the week, but the slew of data scheduled for Friday could spark a decline in the pair should the develo
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GBP/USD sideways below 1.6400

Posted by Forexsq 347 days ago (http://www.fxstreet.com)
img Forex News - After losing the 1.6400 mark during the NY session, dragged down by a broad-based stronger dollar, GBP/USD has quieted and spent the last trading hours moving sideways in a limited band between 1.6357 and 1.6387.

GBP/USD holds a soft tone, currently trading around 1.6365 where it posts a 0.21% loss since opening.

According to Valeria Bednarik, analyst at FXstreet.com, a loss o
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EUR/USD ; Sell at 1.4550

Posted by Forexsq 347 days ago (http://www.actionforex.com)
img Forex Forecast - Sell at 1.4550, Target: 1.4450, Stop: 1.4585

Although the single currency has fallen again meeting renewed selling at 1.4552 today and the decline from 1.4696 top may bring stronger retracement of recent upmove to 1.4451-56 (previous support and 61.8% Fibonacci retracement of 1.4308-1.4696) but near term oversold condition should limit downside to 1.4400/10 and risk has increa
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U.S Dollar jumps against commodity currencies amid risk aversion

Posted by Forexsq 346 days ago (http://www.fxstreet.com)
img Forex News - The Dollar is rising sharply across the board on risk aversion outperforming the Yen and the Swiss Franc. Commodity currencies are trading at daily lows, after accelerating to the downside following Wall Street opening.

AUD/USD has fallen almost a hundred pips since mid European session and recently broke below 1.0560 (Thursday low) and fell to 1.0545 hitting the lowest price sin
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EUR/USD extends free fall

Posted by Forexsq 346 days ago (http://www.fxstreet.com)
img Forex News - EUR/USD has fallen sharply after the Wall Street opening, weighed down by risk aversion with commodities and stocks posting important losses on Friday and still pressured by persistent uncertainty about the Greek debt situation despite recent ECB hawkish comments.

After failing to break above 1.4700 on Wednesday, EUR/USD gave up and began a bearish phase, losing over 300 pips in
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