Daily Forex News

USD/CHF retreats mildly in early US session but after all, intraday bias remains on the upside as long as 1.1405 minor support holds. Break of 1.1547 will indicate that rise from 1.1158 has resumed. As discussed before, we’re maintaining the view that correction from 1.1963 should have completed at 1.1158…

USD/JPY recovers mildly in early US session. But still, consolidation from 101.43 might continue further wirh risk of another fall. With an intraday top in place ahead of 61.8% retracement of 110.65 to 87.12 at 101.66 outlook remains neutral for the moment. At this moment, there is no confirmation of…

During early deals on Wednesday, the Canadian dollar fell against its US and Japanese counterparts as the crude oil prices declined for a fourth day on speculation a government report today will show U.S. supplies increased as the recession curbed fuel demand.

Wednesday during early deals, the US dollar and the Japanese yen soared against their key counterparts as the global stock market weakness boosted demand for perceived safe haven currencies.

EUR/GBP’s fall from 0.9494 is still in progress and at this point, intraday bias remains on the downside as long as 0.9114 minor resistance holds. Further decline should now be seen towards 0.8635 low next. On the upside above 0.9114 will turn intraday outlook neutral first, but risk will remain…

Wednesday in Asia, the Southeast Asian currencies slumped to new multi-day lows against the dollar as a retreat in global stocks reduced demand for emerging-market assets.

Intraday outlook in EUR/CHF remains neutral for the moment and it’s uncertain whether correction from 1.5446 is still in progress. On the downside, below 1.5061 will indicate that fall from 1.5446 has resumed for 61.8% retracement of 1.4577 to 1.5446 at 1.4909. But in such case, downside is still expected…

EUR/JPY’s fall from 137.38 is still in progress and at this point, intraday bias remains on the downside as long as 134.01 minor resistance holds. Further decline could still be seen. However, note that EUR/JPY’s rise from 112.10 is still in progress as long as EUR/JPY stays inside near term…

No change in GBP/JPY’s outlook. Intraday bias remains on the downside as long as 149.25 minor resistance holds and fall from 151.49 might extend further. However, cable’s rally from 118.81 is still in force as long as lower channel support holds (now at 138.42). Above 149.25 minor resistance will suggests…

The New Zealand dollar that declined against its most major counterparts in early Thursday Asian trading reversed direction shortly. The kiwi thus soared to a 2-day high against the yen. Against the Aussie, the kiwi remained down during this time.