Dollar mostly lower, but rises versus pound in thin end-of-year trading The dollar was mostly lower Monday, but gained versus the pound in light holiday-week trading. The 15-nation euro inched up to $1.4091 in late New York trading from $1.4067 late Friday. The British pound, meanwhile, dipped to $1.4555 from $1.4677 late Friday as it circled parity with the euro. The pound hit its...

Fundamental Outlook for Japanese Yen: Bullish   - Industrial Production Fell 8.1% in November, Which Was the Fastest Pace in 55 Years - Inflation Slowed To 1% From 1.7% in November - Japanese PMI Fell To 30.8 from 36.7, Which Was the Lowest Since Records Began In 2004 The Japanese Yen lost ground to the dollar for the first week in two months as Japanese fundamental data...

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Dollar falls versus the yen in trading late Tuesday night The dollar traded lower against the Japanese yen late Tuesday night. The greenback slipped to 90.38 yen from the 90.68 yen it bought in late afternoon trading . On Monday, the dollar was worth 90.07 yen. [ ForexGen Live Account ] The live/real account is provided to those clients who may have some experience in the online...

The US Dollar /Japanese Yen may continue to bounce from recent multi-year lows, as the pair has hit the bottom of its multi-year trend channel and quickly reversed. The lows likewise coincide with heavily oversold weekly oscillators, and a return to more normal market conditions would favor further US Dollar recovery. Multi-year spike lows at 87.14 should serve as a base, while next resistance...

The Engine Of Democracy, a coalition of organizations representing more than 6 million jobs related to the American automotive industry, applauds the Bush Administration for its decision to provide $17.4 billion in loans to General Motors and Chrysler to provide a bridge across the global economic crisis and to provide continuation of jobs for millions of Americans. The auto industry is a...

British Pound Technical Outlook I issued an alert yesterday in the Forex Alerts section, mentioning that “the GBPUSD is vulnerable to a drop below 1.5239 in an ongoing correction. Potential support is at the 61.8% Fibonacci of 1.4812-1.5728 at 1.5162…shorter term minded traders may wish to lighten up on longs at this point given the potential for a 300 pip drop from the current juncture...

Technical analysis is being used for the prediction of market movements (that is alterations in currencies prices, volumes and open interests) outgoing from the information obtained for the past. The main instruments of the technical analysis are different kinds of charts, which represent currencies price change during a certain time preceding exchange deals, as well as technical indicators...

  The US Dollar has been punished by heavy selling pressure in recent days. The US Dollar Index, an average of the greenback's value against six top currencies , has now retraced 50% of the most recent leg of the rally starting in late September (see chart below). Support is being reinfoced by a key upward-sloping trend line that has guided USD higher since the multi-year down trend...

A continuation pattern with a long black body followed by another black body that has gapped below the first one. The third day is white and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap. A Doji line where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market...