Forex News Daily Video Recap: Euro Stumbles on Ireland, ECB Bond Buying

The main theme today was Euro weakness as there was more worrisome news regarding Ireland and it was revealed that the ECB bought a large amount of bonds last week. The EUR/USD slid from its highs near 1.38. The USD was a bit stronger as US stocks slid, despite some positive US fundamentals in the form of a decent pending home sales report and good levels of capital purchases by US companies in August.

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Forex Market Analyst: Nick Nasad

Forex News Daily Recap: EUR, AUD, JPY Continue Their Rallies vs USD

The US Dollar kept up its weakness, on the back of expectations that the Fed will move to buy more asset purchases and is amping liquidity of Dollar, helping to lower the currency's value. The Euro, Australian Dollar and Japanese Yen took advantage. The Pound was pressured by some weak data and the Canadian Dollar also underperformed.

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Forex Market Analyst: Nick Nasad

Forex Technical Update 9/30/2010 - Greenback is Fighting Back as Gold's Record Run Stalls

Forex Technical Update 9/30/2010

The correlation of general USD weakness is very strong with the rally in Gold. As gold shows topping action, the EUR/USD and AUD/USD appear to be topping as well, and the USD/JPY appears to be bottoming. The GBP/USD reacted very strongly and is testing its channel support. Finally, we also see the Japanese yen firm up a bit, as the GBP/JPY continues to slide, and the EUR/JPY appears to be topping. Let's look at the charts to assess the significance of today's moves.

Fan Yang CMT
www.fxtimes.com

Forex Technical Update 9/28/2010 - USD/JPY's Slide Brings Intervention Speculation

Forex Technical Update 9/28/2010

USD/JPY is sliding towards the levels right before the intervention a couple of weeks ago. There should be some support ahead. The Euro continues higher against the Yen, Pound, and US Dollar. Gold rallies after a quick retracement. Finally AUD/USD extends towards swing target, and USD/CAD remains in sideways range.

Fan Yang CMT
www.fxtimes.com

Forex Technical Update 9.17.2010 - Japanese Yen after Intervention

Forex Technical Update 9.17.2010

The Japanese yen started the week mainly strengthening. Wednesday's intervention pressured the currency. As we will see, most yen-crosses are still within bearish or at most ranging context. The GBP/JPY, EUR/JPY, AUD/JPY, and CAD/JPY and USD/JPY are all ranging or bearish. The CHF/JPY pair is the only one with a bullish outlook. Therefore, the market might not respect the intervention and may want to test the pre-intervention level. Let's see what the charts say.

Fan Yang CMT
www.fxtimes.com