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Forex Wrapup 04.14.09

US Dollar Ends Mixed as Retail Sales Contract 1.1% – Watch for Signs of US Deflation on Wednesday

- Euro Remains Under Pressure, British Pound Relatively Resilient – New Zealand Dollar, Australian Dollar Hit Hard By Carry Trade Reversal – Japanese Yen…

Euro Crosses Slipping Below Support Lines

-EURGBP drops below support line -EURCHF towards 1.49 -EURCAD drops below support line -EURAUD and EURNZD may be bottoming

NZDUSD Tests Support Line

The NZDUSD is testing a line drawn off of the April 1st and April 8th lows. A drop below there opens up the door for an acceleration of the decline that…

A High Risk EURJPY Range Setup Will Play Out Quickly

The currency market is still lacking a course on general risk appetite. This has recently led to a retracement of those moves tied to a rally in sentiment…

Weaker Retail Sales Sets Tone for Session (Midday Snapshot)

Post of the Day: Multiple Levels of Support

Student’s Question: It seems to me that I can draw two lines of support. Am I correct?

Chart of the Day: CHF/JPY

The CHF has been showing some strength especially when paired with the JPY.

Will An Increase In U.S. Retail Sales Validate The Bullish Dollar Technical Outlook

U.S. retail sales are expected to have risen 0.3% in March despite mounting job losses. Although it is a modest gain, it would be only the second positive…

US Dollar May Fall as Goldman Earnings, Japan Stimulus Boost European Stocks (Euro Open)

The US Dollar may see selling pressure in European hours as stock exchanges open for the first time since last week and investors price in Japan’s third…