Dollar Gains Slightly as Unemployment RisesNovember 6th, 2009
Risk appetite suffered a significant impact towards the end of this week’s session after both U.S. and Canada published grim employment figures, forcing investors to take more cautions positions and bet once again in the relative safety provided by dollar-priced assets.

Yen Gains on U.S. Job LossesNovember 6th, 2009
Demand for safety rose towards the end of this week’s session as U.S. payrolls were cut beyond analysts expectations, suggesting that the economic recovery in North America will take longer than previously imagined by economists.

South African Rand Top Weekly Currency on Gold RiseNovember 7th, 2009
The South African rand was the best performing among 16 main traded currencies in foreign-exchange markets, as demand for metallic commodities exported from the African nation rose globally, increasing their rates and influencing positive the rand’s price and attractiveness.

Brazilian Real Gains Sharply on Risk DemandNovember 7th, 2009
The Brazilian real had one of the best weeks in more than 2 months as demand for commodities and emergent markets assets rose globally, maintaining the real as the best performing currency in 2009 among the 16 main traded ones in foreign-exchange markets.

Euro / Dollar Technical Forex Analysis for Forex TradersSubmitted by Harish Dhawan on Tue, 10/20/2009 - 09:27.
Forex Update
Featured
TNM
Munther T Marji
The Euro broke the yesterday's resistance 1.4899, and reached the first target of this break 1.4966, and came close to 1.50 (the high until the moment of preparing this report is 1.4993). We will adopt this top as resistance of the day, if broken we will head with the Euro to the top of the rising channel on the hourly chart, which is currently at 1.5040, and may be we will reach the highest level since Aug 2008, at the resistance 1.5082. on the other hand, the support 1.4964 obviously held during the last few hours, that is why we will consider it the short-term most important support.

USD / JPY Technical Forex Analysis for Forex TradersSubmitted by Harish Dhawan on Tue, 10/20/2009 - 09:29.
Forex Update
Featured
TNM
Munther T Marji
The Dollar-Yen stopped exactly at the first resistance in yesterday's report (highest price after the issuance of yesterday's report is 90.97), and it did not break the support at 90.07, which means that yesterday's movement did not have any technical impact, and did not break the important support nor the important resistance.

Euro / Dollar Technical Forex Analysis for Forex TradersSubmitted by Harish Dhawan on Wed, 10/21/2009 - 10:47.
Forex Update
Featured
TNM
Munther T Marji
The Euro broke the yesterday's support 1.4964, and reached the first target of this break, and Fibonacci important support 1.4891, tested it strongly, but eventually it survived (yesterday's low 1.4881). We will adopt this support level as support of the day, because if it holds, this would mean that the short-term correction is already over, and that we are heading to areas above yesterday's high 1.4993. But, if broken, what will be expected is a correction for the move up from 1.4480, and if this is the case, targets will not be less than 1.4797, and may be 1.4737 also.