Australian Dollar Slides on Job Figures
As unemployment surged in the South Pacific nation of Australia, speculations that interest rates will be hiked before the end of the year decreased, making the Aussie to post its first decline this week versus most of the main traded currencies.
Sugar, coffee rise on weak dollar
Sugar and coffee futures rose early on Thursday as the dollar languished near year lows against a basket of currencies, while ICE cocoa eased in a technical correction from its close at a 14-month peak.
Dollar fragile as commodities, stocks firm
The dollar hovered close to its lowest in almost a year against a basket of major currencies on Thursday as firmer share and commodity prices undermined flows into the lower-yielding U.S. currency.
Oil climbs above $72 as US dollar slumps
Oil prices rose above $72 a barrel Thursday in Asia amid a slumping U.S. dollar and steady OPEC production levels.
Euro steady near yearly highs against dollar
The euro remained near its highest level in more than a year against the dollar on Thursday as investors felt confident to leave the safety of the American currency.
EURUSD Daily Forecast – September 10, 2009
As I had expected, the EURUSD continued it’s bullish momentum yesterday, hit my long target at 1.4590, topped at 1.4599 and closed at 1.4563.
GBPUSD Daily Forecast – September 10, 2009
The GBPUSD had a moderate bullish momentum yesterday. The pair topped at 1.6591 but the bullish momentum was limited as the pair closed lower at 1.6544.
USDJPY Daily Forecast – September 10, 2009
The USDJPY attempted to push lower yesterday, bottomed at 91.60 but bearish scenario was limited as the pair closed higher at 91.95. On my h4 chart below
USDCHF Daily Forecast – September 10, 2009
The USDCHF continued it’s bearish momentum yesterday, hit my first short target at 1.0390, bottomed at 1.0382 and closed at 1.0403. On my h4 chart below
LVFX Signals updated Sep-10, 6:00 AM (GMT)
Updated at: Sep-10, 6:00 AM (GMT)Take a short position around 1.4581 (+/- 5 pips).
Target range LV1 +30 pips and LV2 +60 pips. Set SL -40 pips.
Supports: 1.4484 - 1.4447
Resistances: 1.4647 - 1.4617
Don't trade with money you can't afford
Daily currency analysis and trading strategies 09-10-09
The euro holds gains against the dollar not far below the 1.4600 handle, the new YTD high which has been reached on yesterday. Upside remains favored and potential pullbacks should face support into the 1.4500/30 region then lower, at 1.4430/50 w
U.S. Trade Gap Probably Little Changed
The U.S. trade deficit was probably little changed in July as imports and exports both grew, signaling a revival of commerce as the global recession eased, economists said before a report today.


