Daily Forex Predictions for Oct 20, 2009
(update: 10:32am GMT+7)
EUR/USD
It is more likely to go down to around 1.4850, and after that, it might have potentially to go up again to around 1.49.
(Current Price: 1.4979)
GBP/USD
It is complicated. We prefer to use a breakout strategy, Buy if it reaches 1.6430, and Sell if it reaches 1.6350. May be down movement is more dominated.
(Current Price: 1.6398)
Daily Forex Predictions for Oct 21, 2009
(Update: 10:09am GMT+7)
EUR/USD
It is more likely to go up to around 1.4970 or may be 1.5, and after that, it might have potentially to go down to around 1.49.
(Current Price: 1.4912)
GBP/USD
It is more likely to go up to around 1.6450 or may be 1.65, and after that, it might have potentially to go down to around 1.64.
(Current Price: 1.6372)
Daily Forex Predictions for Oct 22, 2009
(update: 10:03am GMT+7)
EUR/USD
It is more likely to go up to around 1.5050, and then goes down. But before it goes up to around 1.5050, it might goes down first at around 1.4950.
(Current Price: 1.4997)
GBP/USD
From around 1.6550, it is more likely to go up to around 1.6650 or may be 1.67, and then it might have potentially to go down to around 1.65.
(Current Price: 1.6604)
Daily Forex Predictions for Oct 23, 2009
(update: 10:19am GMT+7)
EUR/USD
It is more likely to go down to around 1.50 or may be 1.4980, and after that, it might have potentially to go up to around 1.5050, and then goes down again.
(Current Price: 1.5027)
GBP/USD
It is complicated, but we predict that it is more likely to go down to around 1.660 or may be lower, and after that, it might have potentially to go up to around 1.67.
(Current Price: 1.6645)
Daily Forex Predictions for Oct 26, 2009
(update: 10:15am GMT+7)
EUR/USD
It is more likely to go down to around to around 1.50 or may be lower, and after that, it might have potentially to go up again to around 1.5050.
(Current Price: 1.5040)
GBP/USD
It is more likely to go down to around 1.620, and after that, it might have potentially to go up to around 1.63.
(Current Price: 1.6279)
Daily Forex Predictions for Oct 27, 2009
(update: 10:13am GMT+7)
EUR/USD
It is more likely to go up to around 1.49 or may be 1.50, We suggest to find the best price first to enter Buy.
(Current Price: 1.4880)
GBP/USD
It is complicated. But we predict that it would go down to around 1.620, and after that, it might have potentially to go up to around 1.63.
(Current Price: 1.6323)
Daily Forex Predictions for Oct 28, 2009
(update: 9:58am GMT+7)
EUR/USD
It is more likely to go down to around 1.4750 or may be lower, and after that, it might have potentially to go up to around 1.4850 or even 1.49. Prefer to hold Buy and looking for the best price to enter Buy.
(Current Price: 1.4805)
GBP/USD
It is more likely to go up to around 1.64 or may be higher, but we suggest to wait and looking for the best price to enter Buy, may be after it goes down at around 1.6330.
(Current Price: 1.6350)
Daily Forex Predictions for Oct 29, 2009
(update: 10:08am GMT+7)
EUR/USD
It is more likely to go up to around 1.48. Prefer to wait until it goes down to around 1.4650 and then enter Buy.
(Current Price: 1.4710)
GBP/USD
It is complicated, but we predict that it is more likely to go up to around 1.64, and after that, it might have potentially to go down to around 1.6320.
(Current Price: 1.6362)
Daily Forex Predictions for Oct 30, 2009
(update: 10:16am GMT+7)
EUR/USD
It is more likely to go up to around 1.49, and after that, it might have potentially to go down.
(Current Price: 1.4846)
GBP/USD
It is more likely to go up to around 1.66 or may be higher, and after that, it might have potentially to go down to around 1.65.
(Current Price: 1.6570)
As with the disappointing consumer confidence numbers earlier in the week, the US housing market experienced a setback on Wednesday, as data showing an unexpected decline in US home sales was released.
The poor numbers came after an on-target durable goods report and helped the Dollar maintain its safe-haven flow intake. Forex analyst consensus for the housing numbers was an increase from September of 23,000 to 440,000; however the actual data showed a drop of 15,000 to 402,000.
At 10:15PM GMT, the US Dollar was trading up .63% to the Euro to 1.4709, up .02% to the British Pound to 1.6388, up 1.35% to the Canadian Dollar to 1.0791, down 1.11% to the Japanese Yen to 90.76, and up .47% versus the Swiss Franc to 1.0264.
AUD
The Australian Dollar suffered its worst trading day in close to four months, falling broadly and sharply to many currencies.
After a rally that has lasted several months, spurred on by positive growth and an apparent emergence from recession, the Aussie retreated after a data release showed that Australian consumer price inflation rose more than expected in the last quarter.
The Reserve Bank of Australia is meeting next week on interest rate policy, however the data does not seem likely to spur them to tighten already low interest rates.
At 10:20PM GMT, the Australian Dollar was trading down 2.25% to the US Dollar to .8967, down 1.55% to the Euro to 1.6397, down 3.25% to the Japanese Yen to 81.41 and up .17% to the New Zealand Dollar to 1.2335.
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