Daily Review | Forex trading & Analysis

Daily Market Review Sep 02, 2010

1. September 2010

Share Strong data in Asia, especially China and India lead investors back into riskier assets pushing the Euro above 1.28. The rally is creating a technical breakout, which could gain momentum if the EUR/USD pushes above 1.3000. Click here to read the full daily Review

Daily Market Review Sep 01, 2010

31. August 2010

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Share The Euro consolidated near 1.27 as better than expected housing numbers and strong Asian data kept the Euro from retreating. The market is waiting for a deluge of European and US data expected during the balance of the week. Click here to read the full daily Review

Daily Market Review Aug 31, 2010

30. August 2010

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Share Weaker than expected retail PMI combined with a retreat to a safe haven currencies, bolstered the dollar and weakened the Euro. The Euro declined below 1.27 and will test trend line support below. Click here to read the full daily Review

Daily Market Review Aug 26, 2010

26. August 2010

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Share Stronger than expected German GfK confidence, along with the return of some calm in the peripheral bond markets, help the Euro reclaim the 1.27 level. The markets should continue to consolidate ahead of the US employment report next week. Click here to read the full daily Review

Daily Market Review Aug 25, 2010

24. August 2010

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Share The Euro held its ground today despite worse than expected US data which should have created an exodus out or riskier assets, but instead initially created a EUR/USD short squeeze. A poor technical picture should create a defensive Euro down to 1.2500. Click here to read the full daily Review