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GBP/USD Technical Analysis 20 August 2008

The British Pound climbed significantly yesterday against the US Dollar from Tuesday's bottom 1.8543 to today's top 1.8684, which are the the first support and resistance levels respectively for the currency couple today. If, however, the negative trend continues, as we expect for today, next support is expected at 1.8470, followed by 1.8400. In upward direction next resistance for to...

EUR/USD Technical Analysis 20 August 2008

The Euro continued climbeding significantly yesterday against the US Dollar from Tuesday's bottom 1.4634 to today's top 1.4802, which are the the first support and resistance levels respectively for the currency couple today. If the positive trend continues as we expect to, next resistance is expected at 1.4870, followed by 1.4930. In downward direction next support for today is expect...

Fundamental analysis for precious metals gold - 8/20/2008

Due to the breakout of the 805 level, the short term trend has altered to the upside despite still being on the downside on the medium term. A surprising fall in the volume of trading yesterday resulted in the surge of the metal to the upside since it has been heavily oversold. From here we see the ...

EUR/USD - 1.4756 Daily Market Outlook - Aug 20

Despite intra-day retreat from 1.4807, yesterday's rally from 1.4630 signals recent decline has formed a temporary low there and as long as 1.4700/10 holds, consolidation with upside bias remains for another corrective rise and above said resistance would encourage for further gain towards 1.4830/40...

EURUSD remains in down trend

EURUSD remains in down trend and the fall from 1.6038 extends further to 1.4629 level. Deeper decline is expect to test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Key resistance is located at 1.4977, only rise above this level will signal reversal to down trend.

Wholesale Inflation Rise Weakens the Dollar

The EUR USD rallied sharply higher after a new move lower on Tuesday as the U.S. reported a higher than expected wholesale inflation number and housing starts decreased. If these markets behaved normally, traders would be trying to decide when the Fed would raise rates to combat inflation. This would have triggered a Dollar rally.

Market Moving News: USD/JPY - Aug 20

Usd/jpy - 109.80...Dlr has eased fm 109.91 in a relatively thin Asian session with no major data due out of the U.S. today, however, concerns remain over Fannie Mae, Freddie Mac n other financial institions n long liquidation of dlr positions may continue. Offers remain at 110.00/10 n 110.50 with st...

USD/JPY Technical Analysis 20 August 2008

The US Dollar renewed its upward movement yesterday against the Japanese Yen climbing from Tuesday's bottom 109.57 to today's top 110.28, which are the first support and resistance levels respectively for the currency couple today. Today the USD/JPY is moving within the above range, but if the positive trend continues, next resistance further up is expected at 111.00, the break of whic...

EUR/AUD - Euro Australian Dollar, European Session - 07/08/08

1,6956. EUR AUD is in an uptrend supported by 1H exponential moving averages. EUR AUD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) ind...

Michael Phelps denies he is dating Amanda Beard

Michael Phelps, the swimming star of the Beijing Olympics, denied he is dating swimmer Amanda Beard, ExtraTV.com reported on Tuesday.