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Forex Wrapup 04.07.09

Fed Says TALF Collaterized Loan Requests Dropped 64% in Second Round

In a surprise turn of events, loan requests from the Federal Reserve‚Äôs Term Asset-Backed Securities Loan Facility (TALF) program dropped by 64%, the Federal…

RBA Surprises Economist, But Not The Market (Forex Video)

Volatility rises after the RBA rate decision and UK production data crosses the wires; but the market can’t seem to maintain momentum.

Euro Crosses Pressure Support

-EURGBP drops below February high -EURCHF support at 1.50 -EURCAD support line near 1.6250 -EURAUD tests low of multi-month range -EURNZD channel support…

US Dollar, Japanese Yen Strongest of the Majors as DJIA Falls 2.34%

- Euro Under Pressure as Euro-zone GDP Revisions, ECB Member Comments Signal Further Rate Cuts – British Pound Slips vs. US Dollar, Makes Headway Against…

AUDUSD Range Has Time On Its Side

How strongly rooted are the markets to low volatility and mature technicals? In the past few weeks we have seen fundamentals overwhelm long-held congestion…

Euro Eyes Next Support by 100-Day SMA; Stops Trailed to Cost on Kiwi Short (Daily Classical)

Euro continues to weaken; eyes move to 100-Day SMA. Dollar/Yen puts in bearish inside day. Cable recovers after bouncing from 100-Day SMA. Dollar/Swiss…

GBP/USD:Trading the Bank of England Interest Rate Decision

The Bank of England is widely expected to hold the benchmark interest rate steady at the record-low of 0.50% in an effort to steer the economy out of a…

USD and Yen Find Some Offers in New York Trade (Midday Snapshot)

New Zealand Dollar US Dollar Exchange Rate Forecast

NZDUSD Monthly Technical Forecast Bottom line; the NZDUSD is bearish as long as price is below .6090. There are 5 waves down from that level, indicating…