Daily Market Analysis - ForexPros - 17/04/08 Today’s US Dollar Trading. • USD has range-bound trade despite news • CPI as expected, Housing data worse • EURO scores a lifetime high. Overnight Preview. • Look for the USD to consolidate with weaker tone ... Go to Full Article

Euro Gets Closer to 1.6000 Against US Dollar The US dollar is again on the backfoot on Thursday from weak economic data. Latest data shows the Philadelphia Fed April Business Index came in at -24.9 vs a -15 forecast, so this was worse than general consensus, and a deterioration ... Go to...

Can India be a Profit Play for Investors? By Martin Hutchinson The Indian market as measured by the Mumbai Sensex Index is down 22% this year, about 25% below its all-time high reached in January. That’s not very surprising: China is down further (about 35%) and most other ... Go to...

New Zealand Dollar Technical Outlook We showed the long term picture yesterday and suggested getting bearish on a break below .7781. Go to Full Article

Yen Technical Outlook We maintain that wave iv in the USDJPY could be complete at 102.95. Go to Full Article

British Pound Technical Outlook Our longer term bias remains bearish but the GBPUSD may continue to bounce over the next few days. Go to Full Article

Euro Technical Outlook We are still of the camp that the rally from 1.5342 is wave B within an A-B-C correction from 1.5904. These are the reasons why. The previous bull leg... Go to Full Article

Swiss Franc Technical Outlook This is the daily chart showing that there is a count that treats the decline from 1.3285 as a 5 wave decline. Under this count, the next big move is towards... Go to Full Article

Canadian Dollar Technical Outlook The rally from .9710 to 1.0324 is in 5 waves, confirming that the larger trend is up. We are treating the decline from 1.0324 as a 3 wave correction (a-b-c). Go to Full Article

Australian Dollar Technical Outlook Short term AUDUSD price action has been difficult to decipher recently. This in and of itself suggests that the AUDUSD is in a large correction. Go to Full Article

Yen (USDJPY) Tests Resistance: Presents Short Opportunity The USDJPY tested a resisting trendline this morning that dates to December 2007. The failure at the line presents a low risk USDJPY short opportunity. Go to Full Article

Can Strong Wholesale Sales, Put "Loonie" Bulls Back On Track Trading the News: Canadian Wholesale Sales What?s Expected Time of release: 04/18/2008 00:30 GMT, 21:30 EST Primary Pair Impact : USDCAD Expected: 0.4%... Go to Full Article

US Dollar Remain Weak in Forex Trading Currency trading with the greenbackThe US dollar remains weak in forex trading on the currency market this morning. Worries about a US recession persist, especially as the financial sector continues to report losses due to subprime ... Go to Full...

Australian Dollar Rises in Currency Trading Aussie gains in forex trading against the US dollarThe Australian dollar has been doing rather well so far this year in currency trading on the FX market. A lot of at has been due to the fact that commodities have been doing quite well ... Go...

Sitting in profit is most exhausting experience I had nice fade trade because market didn't look strong so I figured that there will be no enough force from buyers to go through 6000 resistance. I had gain and it was awful feeling. Thinking will it come back or it will fall further. ... ...