The dollar gains may stop temporary before new test at 1.3585:
Category: Forex Forecasts & Signals
EUR/USD (1.3706)
European & US sessions forecast levels: 1.3585/1.4025
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM Germany Current Account, Trade Balance, CPI, HICP.
Daily Strategy: The euro holds the dollar on Monday. The current key euro/dollar support level is at 1.3585. The chances for break below are high but we can see correction up to 1.38 first. The Germany data at 2 AM today is very important. The situation in...

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Posted by ForexNewsAgency on February 9, 2010 at 01:33 AM
The dollar will continue rise using the moment of weak euro:
Category: Forex Forecasts & Signals
EUR/USD (1.3623)
European & US sessions forecast levels: 1.3535/1.4025
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus:
Daily Strategy: There are not key events today. The dollar will continue rise against the weak euro. The concerns about the expecting global tax on banks are one of the reasons for the end of risky appetite. The trading strategy for today and this week is to wait for any upward momentum to open short positions. The euro/dollar may break the...

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Posted by ForexNewsAgency on February 8, 2010 at 01:33 AM
U.S. jobs report may stop or support the dollar for new gains:
Category: Forex Forecasts & Signals
EUR/USD (1.3712)
European & US sessions forecast levels: 1.3635/1.4025
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 6:00 AM Germany Industrial Production, 8:30 AM Non-farm Payrolls, Unemployment Rate, Average Workweek, Hourly Earnings, 3:00 PM Consumer Credit.
Daily Strategy: ECB leave the key interest rates unchanged at 1%. The dollar gains against the euro continue as break below 1.37 a record level since June 2009. The dollar is needed to support by...

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Posted by ForexNewsAgency on February 5, 2010 at 01:31 AM
EUR/USD is on the way to test the key support at 1.3850 today:
Category: Forex Forecasts & Signals
EUR/USD (1.3885)
European & US sessions forecast levels: 1.3850/1.4025
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM M Initial Claims, Continuing Claims, Productivity-Prel, Unit Labor Costs, 10:00 AM Factory Orders, 6:00 AM Germany Factory Orders, 7:45 AM ECB interest rate announcement.
Daily Strategy: The dollar may extend gains against the euro a day before the U.S. jobs report. The expecting positive news for the U.S. jobs report help the...

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Posted by ForexNewsAgency on February 4, 2010 at 01:30 AM
The dollar hold the recent gains due too Euro Zone problems:
Category: Forex Forecasts & Signals
EUR/USD (1.3963)
European & US sessions forecast levels: 1.3850/1.4105
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:15 AM ADP Employment Change, 10:00 AM ISM Services, 3:53 AM Germany Services PMI, 3:58 AM EU Composite PMI, Services PMI, 5:00 AM EU Retail Trade.
Daily Strategy: The euro/dollar consolidation continues at the level below 1.40. The speculations about Greece financial crisis continue together with the other problems countries like...

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Posted by ForexNewsAgency on February 3, 2010 at 01:32 AM
EUR/USD consolidate at the levels below 1.40 but may test 1.40 these days:
Category: Forex Forecasts & Signals
EUR/USD (1.3928)
European & US sessions forecast levels: 1.3850/1.4105
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 10:00 AM Pending Home Sales, 2:00 PM Auto Sales, Truck Sales.
Daily Strategy: The dollar remains flat during the new week. In spite the positive ISM Index for six consecutive months. After the strong dollar recovery during the last week is time for correction. The dollar may back above 1.40 again this week. It is expecting mix trading today, as the...

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Posted by ForexNewsAgency on February 2, 2010 at 01:32 AM
The dollar probably will continue rise against the euro today:
Category: Forex Forecasts & Signals
EUR/USD (1.3875)
European & US sessions forecast levels: 1.3760/1.4105
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index, 2:45 AM France PPI, 3:55 AM Germany Manufacture PMI.
Daily Strategy: The dollar continue rise against the euro following the tendency by the last week. The rising problems in the Euro Zone are one of the factors cause weak euro. There are some positive signals...

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Posted by ForexNewsAgency on February 1, 2010 at 01:23 AM
The problems in Euro Zone like Greece cause weak euro:
Category: Forex Forecasts & Signals
EUR/USD (1.3949)
European & US sessions forecast levels: 1.3910/1.4105
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM Chain Deflator-Adv, Employment Cost Index, GDP-Adv, 9:45 AM Chicago PMI, 9:55 AM Michigan Sentiment.
Daily Strategy: The Euro Zone budget crisis is one of the reasons for the dollar rises these days. The Greece fiscal situation is very big problem for the Euro Zone but the main concern come by the situation in Spain the fourth...

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Posted by ForexNewsAgency on January 29, 2010 at 01:32 AM
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