| Barclays raises forecast for euro (at MarketWatch) Barclays Capital raised its forecast for the euro versus the dollar Friday and now expects the shared currency to fall less over the next few months as previously predicted. The euro will decline to $1.27 in the next month, compared to a previous forecast for it to fall to $1.20 from $1.3065 currently. us.rd.yahoo.com |
Currency Correlations Tighten Through Risk and Dollar-Based Foundations (DailyFX) The markets are varied and extraordinarily nuanced between different assets and currencies; but there are underlying trends and fundamental drivers that can account for much of the market’s price action. finance.yahoo.com |
EUR/USD’s Test of Fibo Resistance May Present Scalping Opportunity [DailyFX] - The EUR/USD has seen its bullish rally stall following a failed test of major resistance, as fresh concerns over the European banking system have emerged. Speculation that the Fed will add to their quantitative easing efforts continues to weigh in the greenback which remains a supportive factor for the pair. finance.yahoo.com |
Forex Weekly Trading Forecast - 10.11.10 US Dollar: Coming Week May Decide if it Has Set Important Bottom Euro is as Strong as EURUSD, But is This Pair Set to Reverse? Japanese Yen May Target All-time High If FOMC Signals QE British Pound Caught in QE Rumors, Central Bank Chatter in Focus Canadian Dollar Outperforms, Outlook For Crude Oil Remains Bullish Australian Dollar Primed for Reversal on Failure to Set Fresh High New Zealand Dollar Stumbling, But Not against the Greenback Gold Poised To Push Higher As U.S. finance.yahoo.com |
NZ dollar eases again The New Zealand dollar drifted lower today after climbing yesterday afternoon and overnight with movements in the US dollar continuing to be the main driver of direction.The NZ dollar was at US74.99c at 5pm, down from US75.50c... nzherald.co.nz |