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Safe-haven currencies gained further on concerns of Egyptian crisis worsening and Asian market declines and most of the Asian currencies declined. EURUSD declined to lows of 1.3552, USDCHF moved to highs of 0.9697, GBPUSD dropped to 1.6036, USDJPY rose to highs of 83.52 on expectations of...

According to the data of DOL which was released on Thursday (February 10), the initial jobless claims went down sharply by 36 thousand to 383 thousand in the week of February 5, and the previous expectation was 410 thousand. And this made the lowest record since July 5, 2008. Meanwhile, the...

Forex Daily Report Forecasts said that today the European Central Bank officials may express concern today that the inflation in the European Union will gain momentum as the economy still shows signs of an ongoing recovery. This pushed the EUR near the highest level since two weeks against the...

If the employment data was worse than the previous expectation in the forex market, the forex price of AUD/USD might fall down to the fair price level. The forex price of AUD/USD was maintained at around 1.0100 early in the Asia forex market on Thursday (February 10) and got an adjustment...

EurUsd Yesterday's bearish mood saw EURUSD slip through 1.3540 (24 Jan low) support and briefly dip below the 100-day moving average (currently 1.3532). Nevertheless, rather than starting an avalanche of selling, the pair found good bids at 1.3510 (50% fibonacci retracement of 1.5145 to 1.1876)...

The single currency resumed recent rise from 1.2860 to as high as 1.3862 last week, the subsequent retreat from there and the daily close below the flat ground Ichimoku cloud top suggest top has been formed there and consolidation with mild downside bias is seen for at least a correction of the...

While we are seeing improvements in most sectors of the US economy, the labour market has reacted with extreme sluggishness to the pick-up in activity. The unemployment rate still hovers around 9.5 percent and the monthly gains in employment are still only just about enough to keep unemployment...

Today US ADP Non-Farm Employment Change is the major event on calendar . Here is an outlook on the market movers awaiting us. In the US, ADP Non-Farm Employment Change measuring the estimated change in the number of employed people during the previous month, excluding the farming industry and...

EURUSD Regained strength after the sharp reversal, following an upside rejection at 1.3757, found support at 1.3570. The latest fall has nearly been fully retraced, though clear break above 1.3757 to confirm. Immediate target lies at 1.3784, ahead of 1.3838, 76.4% retracement of 1.4280/1.2872...

Danske Bank: The bank reports that there was strong risk-aversion in the FX market on Friday due to rising conflict in Egypt. Although there is a lot on the economic calendar this week, including the ECB meeting, non-farm payrolls and ISM, they believe the markets will continue to closely watch...

EURUSD made another indecisive movement yesterday. There are no changes in my daily technical outlook. I am still in bullish mode and just keep waiting for a minor bearish correction around 1.3625 - 1.3550 support area to go long with nearest target remains around 1.3800...Full Story at...

The Euro has rallied steadily during the last two weeks, to reach levels right below the 61.8 retracement of the November-January downtrend, at 1.3739, where, according to Karen Jones, technical analyst at Commerzbank, some profit-taking is expected...Full Story at...

British MPC Meeting Minutes revealed that another member of the MPC, Martin Weale, voted in favor of rate hike. This added pressure raises the chances of a rate hike sooner than later, but it’s important to note that the meeting was held well before the horrible GDP figure. Is this a chance to...

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Jean-Claude Trichet ’s final year at the helm of the European Central Bank may be his toughest yet as widening economic divergences within the euro area strain the bank’s one-size-fits all monetary policy.

Morgan Stanley increased the quotation expectation of the GBP/USD and GBP/EUR in 2010 and 2011, which cause is the Britain launched the latest budget plan and the prospect the inflation in Britain may accelerate its speed this week. Morgan Stanley indicated that GBP/USD quotes 1.42 at the...

From the daily line chart point of view, it is indicated that the GBP/USD has broken the neck part of the big one that the shoulder part linked to the head part, whose top part stayed at the high level of 1.6300. And then, the forex price broke the support line of 1.5350 points after this...

Ikon forex “After a sharp slump for non-USD currencies in last Friday, weak differentiation was quite evident in the previous trading session in the forex market. And the forex price of EUR, GBP both continued their slump trend of last week, even though the forex price failed to get weak...

German Finance Minister Wolfgang Schaeuble commitment, German government and other euro area government will take all means to defend euro, and if the effort that to imporve the governed status in euro zone was proved that it is not enough to end the credit crisis of one year, Germany may push...

The dollar dropped to a six-week low against the euro while the yen slid after stocks gained amid speculation CIT Group Inc. will avoid bankruptcy, encouraging higher-yield demand. New Zealand’s dollar climbed versus its U.S. counterpart to the strongest level since June 2 and the Canadian...