forex opportunity latest news
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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USD/CHF : The latest break back above 1.0500 suggests that the market has now carved out a major base that exposes some fresh medium-term upside towards 1.1000 over the coming days. |
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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USD/CAD : The market has finally managed to clear resistance by 1.0745 to expose next key topside barriers by 1.0870 further up. Daily studies still show plenty of room to run, and we look for a retest and break of 1.0870 over the coming days. |
| FOREX-Euro firms on Greek bailout speculation (Reuters via Yahoo! Singapore News) |
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* Trichet move raises speculation of a rescue for Greece |
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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Risk trends have quieted a bit following last week’s extreme volatility on the back of European sovereign credit concerns. Several European officials over the past few days have come out to talk up their country’s stability and ease concerns over mounting budget deficits. |
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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Although the G7 has come and gone with no official statement on currencies, the USD is barely moved to only slightly lower against all major currencies on the day, with price action classified more as consolidative. |
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The Swiss Franc finished the week marginally higher against the Euro despite clear and aggressive forex market intervention by the Swiss National Bank. Extremely fast CHF declines against its Euro Zone counterpart (EUR/CHF rallies) emphasized that the central bank is yet unwilling to allow major Swiss Franc appreciation against the Euro, but continued EUR/CHF tumbles seem likely to further test ... |
| Swiss Franc Forecast Dims on Persistent SNB Intervention (Daily FX via Yahoo! Finance) |
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Swiss Franc Forecast Dims on Persistent SNB Intervention Fundamental Forecast for Swiss Franc: Neutral - Swiss franc forecast to depreciate against US Dollar - SNB intervention creates artificial range trading opportunity - Swiss franc forecast to depreciate against US Dollar The Swiss Franc finished the week marginally higher against the Euro despite clear and aggressive forex market ... |
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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After suffering its largest single-day decline since July Thursday, crude would put in for a relatively volatile finish through the end of the week. It didn’t take long in the overnight session for bearish sentiment to build up once again and drive the commodity through critical support. |
| Your Source for Daily FOREX Market News and Analysis (Daily FX) |
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All has spun out of control with the risk aversion escalating to new level on Thursday as the Greek crisis infects other countries within the region. |
| Forex Trading: What is the best time to do forex trading- Forex trading hours? (New Kerala) |
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Traders who are novice to the field of forex trading might be having a wrong assumption that they can do trading at any time during the week since the market is open 24 hours a day. |