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EUR/USD: Euro should test resistance at 1.3553 this month, says Mizuho

FXstreet.com (Barcelona) ? The Euro has reached a 1-month high at 1.3435 on its recovery from 1.2985 low on April 28, and, according tio Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the pair could continue climbing during the current month.Elliot advances that the Euro could test 1.3553 level later in May: ?Slow work last month as the Euro holds in a ?flag? formation. It is trying to break higher and should test trendline resistance and the 26-week moving

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Closing Market Recap: Equities Post Biggest One-Month Gain Since 2002

North American equity markets held modest gains following a late sell-off on Tuesday. March was a very positive month for U.S. equity markets, as both the Dow and the S&P saw their biggest one-month gains since October of 2002.The Dow Jones industrial average closed up 87 points to 7609, the S&P 500 up 10 points to 798 and the Nasdaq up 27 points to 1529. Canadian stocks also ended the day higher, as Toronto's S&P/TSX composite index

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USD/CHF capped its recovering at 1.0600 after testing 5-month low at 1.0620

FXstreet.com (Barcelona) - The USD/CHF's recovery after testing 1.0620, 5-month low posted in January 2, has been capped at 1.0700 and the pair has been rejected to trade close to 1.0650 level. Currently the pair is trading around 1.0655/65, 0.13% below today's opening price.In the early European session, USD/CHF fell from the 1.0700 resistance level test 1.0620, 5-month low.Valeria Bednarik, FXstreet.com collaborator, affirms that USD/CHF correction could have started early today: Upside correction seems to have started, yet clear break

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EUR/USD: Euro should test resistance at 1.3553 this month, says Mizuho

nicole elliot mizuho bank - last month and this month graph comparison - dollar to euro month to month graph

Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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UK CPI rises 0.2% in April; 2.3% on Year; Pound squeezes higher

FXstreet.com (Barcelona) - Consumer prices have increased 0.2% in the UK in April and 2.3% from the same month last year, according to data released by National Statistics; The Pound hits another year-high.UK CPI's increase was lower than the 0.4% monthly and the 2.4% yearly forecasted by market analysts. The Core CPI, which excludes seasonal influences by food and energies, rose 0.4% month on month; 1.5% year on year.The Pound rose to a fresh 2009 high, jumping from 1.5435 to

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Aussie Dollar Weaker Against Majors

The Aussie dollar is weaker against majors on Thursday after a bout of lower tier economic data for the region and comments from Chinese officials, who remain vague about promises of more stimulus.Australia posted a A$970 million trade surplus in January, against forecasts for a A$1.1 billion surplus and previous A$598 million reading in December. The Aussie dollar is down 1 cent at 0.6395 USD.Australian building approvals fell 3.7% month-over-month in January, despite forecasts for a smaller

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last month and this month graph comparison

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