| Euro Resisted by Underside of Former Support Line (Daily FX) September has yet to bring the expected breakout - but it is only the 3rd day of the month. Patience is warranted. Keep an eye on the commodity currencies. The USDCAD is testing a resistance line from March. us.rd.yahoo.com |
Euro Halts Two-Day Decline, British Pound Advances on PM Gordon Brown's Comments (Daily FX) The euro halted the two-day decline against the greenback and bounced back during the overnight session after finding near-term support at the 20-Day moving average, and the single-currency may continue to retrace the sell-off from the previous week as growth prospects improve. us.rd.yahoo.com |
Consumer, trade data paints bleak picture (Reuters) U.S. consumer sentiment soured in early November on grim job prospects while a larger-than-expected trade deficit had analysts scaling back estimates for third-quarter U.S. economic growth. us.rd.yahoo.com |
Australian Dollar Resistance Comes in at .9200 (Daily FX) The recent bout of US dollar weakness is not universal. Weakness is for the most part against the Australian and New Zealand dollars. Both of these pairs are closing in on resistance - at .9200 and .7330. us.rd.yahoo.com |
US Dollar, Japanese Yen Mostly Stronger Ahead of FOMC Decision - Key Comments to Watch For (Daily FX) • New Zealand Dollar Consolidates Ahead of RBNZ Rate Decision • British Pound Strongest of the Majors as BOE’s Sentence Suggests UK Rates Could Rise This Year • Euro Mostly Lower as German CPI Signals Falling Price Pressures us.rd.yahoo.com |