The Swiss Franc looks vulnerable in the coming session as June’s headline inflation data threatens to embolden the central bank’s efforts to depreciate…

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Swiss Franc Threatened as CPI Falls Most in 33 Years, Points to SNB Intervention (Euro Open)

Current Yesterday USD 0.26813 0.26750 GBP 0.55000 0.55000 EUR 0.27250 0.27313 JPY 0.12625 0.12750 CHF 0.09500 0.09667 AUD 3.10000 3.10000 CAD 0.19500 0.21000 NZD 2.31500 2.36250

Overnight Interest Rate Update 07.03.09

Student’s Question: I am still on not clear on how old support becomes new resistance…or vice versa. Help!

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Post of the Day: Old Support Becomes New Resistance

The US Dollar has been consolidating in narrow ranges against the major currencies, but positioning is favoring a stronger greenback as the breakout materializes….

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US Dollar Range to Yield to Bullish Momentum Against Major Currencies

Last week, we wrote that the New Zealand Dollar was testing support at the bottom of a rising channel that has guided the pair higher since risky assets…

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New Zealand Dollar / US Dollar: Sell Entry Triggered as Prices Break Channel Support

The level of services provided in Australia in May grew for the first time in 15 months as renewed risk-appetite came on the back of governmental cash…

Australia’s Supply of Services Grow for First Time in 15 Months

New Zealand’s government faces the threat of large structural budget deficits that could last a decade if not curbed, Finance Minister Bill English said…

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Government Spending Faces Large Structural Deficits, N.Z.’s English Says

- Euro Down as ECB Leaves Door Open to Further Rate Cuts - Swiss Franc Gain vs. Euro Presents SNB Intervention Risks Through Friday - British Pound Falls…

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US Dollar, Japanese Yen Up Sharply as Disappointing US NFPs Stoke Flight-to-Safety

The NZDUSD has broken below a short term channel. This is a good sign for breakout traders but a break of .6150 is required in order to break the month…

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NZDUSD ST Channel Break and RSI Signal

• Euro short gains momentum; profits booked and stops trailed • Dollar/Yen well capped by 97.00; 93.55-85 back in focus • Cable price action taking form…

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Euro Short Produces Favorable Result; Stops Trailed to Cost (Daily Classical)

Source:
DJIA Head and Shoulders Pattern Adds to Bearish Potential

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Risk Sentiment Shaken Ahead of Holiday Weekend (Midday Snapshot)

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Canadian Dollar Forecast Summarily Unclear Versus US Dollar

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Swiss Franc Looks to Gain Versus US Dollar

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Japanese Yen Outlook Modestly Bullish Against US Dollar