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Forex (foreign exchange) Currency trading

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Forex (foreign exchange) Currency trading

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Forex (foreign exchange) Currency trading

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USD will fall further on signs on moderate contraction, says Wachovia

FXstreet.com (Barcelona) - The weak Dollar seems to fall further in the coming weeks on more moderate contraction signs are suggesting that economic recession has left the bottom behind. According to Wachovia the latest moderate declines point to growth later this year and Greenback could decline on growing risk appetite.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted 1.5945, 6-month high.The Wachovia Research

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Forex (foreign exchange) Currency trading

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Forex: USD/CHF tests 4-month low levels at 1.0815

FXstreet.com (Barcelona) - USD/CHF has fallen around 115 pips from 1.0930, intra-week high in the European session, to reach 1.0815 and test 4-month low levels at 1.0810. The pair has losing all it initial gains and at the moment it is trading in the same opening levels.4-month low was reached last Friday at 1.0810 after five consecutive negative days, during last week, Greenback was depreciated 3.32% against the Swissy from 1.1220 Monday opening price to close at 1.0450 in Friday.Valeria

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Forex: EUR/USD reaches 1.4165, fresh 5-month high

Fxstreet.com (Barcelona) - After finding support at 1.4070 from its 65 pips declines from 1.4135, EUR/USD has rebounded strongly to break 1.4135 level and post 1.4165 as new 5-month high. Currently the pair is trading around 1.4145/55, 1.45% above today's opening price.During the week that the market is closing today EUR/USD has risen 1.00% from its Monday's opening price at 1.4026 to the current 1.4145. This is the second consecutive week after the previous Euro weekly gains of 3.80% against

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Forex: USD/CHF falls 1.60% so far today to 1.0660, fresh 5-month low

FXstreet.com (Barcelona) - USD/CHF has fallen around 150 pips since the beginning of the European session from 1.0810 to break the 1.0700 level and post 1.0660 as new 5-month low. Currently the pair has been rebounded slightly to tests 1.0700 new resistance and trade around 1.0685/95.This week, USD has been depreciated by 1.50% against the Swissy from Monday's opening price at 1.0840 to the current 1.0690. The pair continues, thus, its 3.30% declines posted last week.According to Valeria Bednarik, FXstreet.com

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