Euro, British Pound, Australian Dollar may Rebound Against US Dollar
The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely dictate Euro/US Dollar direction for the next several weeks of EUR/USD trading. Already we see the EUR/USD attempting yet another break to the topside after…

Euro Unchanged Against US Dollar Despite Dismal Data – What Gives?
The Euro finished nearly unchanged against the US Dollar on the week, as traders ignored news of an official Euro Zone recession and pushed the single… Euro, British Pound, Australian Dollar may Rebound Against US Dollar (Forex)
strategist@dailyfx.com (David Rodriguez, Quantitative Analyst)

EUR/USD And USD/JPY Are Off From The Recent Lows Despite Ongoing Global Uncertainty
On Friday, trading in the major cross rates continued to mirror the swings in global market sentiment. A late session rebound in the US stock markets helped EUR/USD and USD/JPY to close the week on a positive tone. The recent sterling rebound is running out of steam.

Foreign Exchange Market Commentary
EUR/USD closed higher on Friday due to short covering but remains below the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible near-term. If…

Another US Bank In Trouble
The Usd was slightly weaker in the Asian session, as markets absorb the Citibank situation. Early in Asia, the Treasury Department, Federal Reserve and FDIC announced a major rescue program for Citibank. The US Treasury will provide a $20bn cash injection and, together with FDIC, will protect on roughly $360bn…