GBP/USD technical analysis today 30.04.2010:

Current price 1.5366. The pair remains in downtrend movement. Only rise above the 1.5450 area could trigger the pair above the 1.5500 area. Otherwise, we may see another fall towards the 1.5300 area in the next hours.

Advance GDP q/q will be released today:

The US Advance GDP q/q will be released today at 1:30 p.m. GMT. The forecast is 3.4%. On the previous edition the forecast was 4.5% and the actual report was 5.7% which was considered positive for the US dollar.

EUR/USD technical analysis today 30.04.2010:

EUR/USD remains in downtrend movement. At the present moment the currency pair has risen above the 1.3300 area. In the next a few hours the currency pair may continue to decline towards the 1.3250 area. Technical indicators signal for mixed signals.

US Unemployment Claims report will be released today:

The report is expected to be 442K. On the previous edition on April 22, 2010 the actual report number was higher than the forecast which was considered negative for the US dollar. The report will be released today at 1:30 p.m. GMT.

EUR/USD technical analysis today 29.04.2010:

The currency pair remains in downtrend. Current price 1.3210. Most likely the pair will continue to decline towards the 1.3050 area during the day.

EUR/USD technical analysis today 28.04.2010:

The currency pair remains in downtrend movement. Further decline towards the 1.3150 area is still possible later on today. Current price 1.3210.

CB Consumer Confidence - positive:

The US CB Consumer Confidence report was released today and it was more than expectations. Confidence among U.S. consumers increased in April to the highest level since September 2008 as Americans became more upbeat about the labor market. On the market the US dollar rose against the Euro with more than 100 pips.

CBI Realized Sales:

The UK CBI Realized Sales report will be released today. The forecast is 16 but the expectations are the final report number to be higher than the forecast. In such case the British Pound would gain over the major currencies on the forex marker. The report will be released today at 11:00 a.m. GMT.

GBP/USD technical analysis today 27.04.2010:

The currency pair is now trading around 1.5390 area. Currently the pair remains in downtrend movement towards the 1.5350 area based on the four hour chart.

EUR/USD technical analysis today 27.04.2010:

Current price 1.3340. It looks like further rise towards the 1.3400 area could be seen later on today. The currency pair may first try to test the 1.3300 area before it rises around the 1.3400 area.

German Ifo Business Climate - positive:

The German Ifo Business Climate report was released and it was more than expected positive for the European currency. EUR/USD has rose with about 100 pips after the report was released. The report helps the Euro temporarily recover from the Greek tragedy but it may not hold it for a long time.

GBP/USD technical analysis today 23.04.2010:

Current price 1.5327. Possible test at 1.5380 zone could be seen in a couple of hours. The technical indicators signal for taking short positions.

EUR/USD technical analysis today 23.04.2010:

Current price 1.3230. Further decline seems possible in a couple of hours. Next target could be the 1.3150 area.

EUR/USD technical analysis today 21.04.2010:

The currency pair remains in downtrend position. Current price 1.3433 and deeper decline could be seen in a couple of days. It seems possible in a couple of hours eur/usd to be in the zone of 1.3350 and than it may rise back to 1.3400 area.

German April ZEW index jumps more than expected:

LONDON (MarketWatch) -- The closely-watched ZEW German investor sentiment index jumped to 53.0 in April from 44.5 in March, beating expectations for a rise to 46.0. The ZEW current conditions index rose to -39.2 from -51.9 in March.

www.marketwatch.com

GBP/USD technical analysis today 20.04.2010:

Current price around 1.5350. Further rise towards 1.5400 area could be seen later on today. The main resistance is now located at 1.5520 and a break above this level could trigger the currency pair up to 1.5650 area.

EUR/USD technical analysis today 20.04.2010:

The currency pair remains in downtrend movement. Current price 1.3470. Further decline towards the 1.3350 area could be seen later on today. Before it goes downtrend we may expect a rise towards 1.3520 area in a couple of hours.

This week begins without too many events:

Here's the list with the major events for today:

The Canadian Foreign Securities Purchases report will be released today at 1:30 p.m. GMT. It's expected to have a medium impact on the market in favor of the Canadian dollar.

The Fed Chairman Bernanke Speaks today at 2:00 p.m. GMT. Volatility is often experienced during his speeches. It could have a high impact in favor of the US dollar.

EUR/USD technical analysis today 19.04.2010:

Current price 1.3452. Another fall could be seen later on today towards the 1.3400 area. The technical indicators show negative movement for the European currency.

EUR/USD technical analysis today 16.04.2010:

The Euro is losing position against the US dollar. Current price 1.3530. Further decline could be seen later on today towards the 1.3480-1.3500 area.

US Unemployment Claims will be released today:

The forecast is 439K. On the previous release the forecast was 435K and the actual report was 460K which was negative for the US dollar. The actual report number must be lower than the forecast in order to be in favor of the US dollar. The report will be release today at 1:30 p.m. GMT.

EUR/USD technical analysis today 15.04.2010:

Current price 1.3638. The main resistance is now located at 1.3650. If the pair breaks above this level next target would be 1.3700 area. At the present moment we still may see another fall towards 1.3600 area.

US Retail Sales m/m will be released today:

The forecast is 1.1%. On the previous release on Mar 12, 1010 the actual report number was 0.3% which was higher than the forecast (-0.1%) and it had a positive impact over the US dollar. The report today will be announced at 1:30 p.m. GMT.

Industrial Production m/m to be released today:

The Industrial Production m/m will be released today at 10:00 a.m. GMT. It's a leading indicator of economic health. The forecast is 0.2% and the final report number must be higher than the forecast in order to be positive for the European currency.

GBP/USD technical analysis today 14.04.2010:

Current price 1.5400. It looks like gbp/usd is in uptrend position and we may see another rise towards the 1.5450 area in the next hours.

Current trend: BUY

EUR/USD technical analysis today 14.04.2010:

The currency pair remains in uptrend position. Current price around 1.3626 and the next target seems to be around 1.3700 in the next a couple of hours. Before the possible rise we may see another fall towards 1.3600 area.

Current trend: BUY

GBP/USD technical analysis today 13.04.2010:

The currency pair remains in uptrend position. Current price around 1.5360. Further rise towards 1.5400 could be seen later on today.

Current trend: BUY

EUR/USD technical analysis today 13.04.2010:

Current price around 1.3590. Another rise towards the 1.3650 area could be seen later on today. Technical indicators signal for long positions. Before the possible rise we could see in the next hours another fall towards the 1.3550 area.

Current trend: BUY

EUR/GBP technical analysis today 12.04.2010:

Current price around 1.5440. Possible rise towards the 1.5500 area seems possible later on today. On the economic calender there's no major events today in favor of the British currency.

Current trend: BUY

EUR/USD technical analysis today 12.04.2010:

The currency pair is in uptrend movement. Current price around 1.3640 and it is possible in that the pair may rise up to 1.3700 area in the next a couple of hours.

Current trend: BUY

US Unemployment Claims report will be released today:

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health. The forecast is 434K and the actual report number must be lower than the forecast in order to be considered in favor of the US dollar. The report will be released today at 1:30 p.m. GMT.

UK Halifax report - positive:

UK house prices rebounded in March after falling sharply in February, according to the latest Halifax survey. The report was positive for the GBP and it rose with about 60 pips on the forex market. GBP/USD is slightly bullish at the moment. The major resistance is located at 1.5180

Halifax HPI m/m

It's a leading indicator of the housing industry's health. The forecast is 0.6% and the actual report number must be higher than that in order to be in favor of the British currency. The report will be released today at 9:00 a.m. GMT.

GBP/USD technical analysis today 08.04.2010:

The British Pound will probably be losing position against the US dollar in the next a couple of hours. Current price around 1.5220. Next target looks like the price may decline to around 1.5150 based on the 4 hour chart. Overall, technical indicators signal for neutral signals.

EUR/USD technical analysis today 08.04.2010:

The currency pair remains in downtrend movement. In the next hours we may see another fall towards the 1.3300 area. The technical indicators signal for taking short positions in favor of the US dollar for the next couple of hours.

Current trend: SELL

UK Services PMI will be released today:

It's a leading indicator of economic health. The forecast is 58.1 and the actual report number must be higher than the forecast to be in favor of the British currency. The report will be released today at 9:30 a.m. GMT. High impact expected.

EUR/USD technical analysis today 07.04.2010:

The currency pair remains again in downtrend position. The US dollar becomes more expensive against the European currency. Current price around 1.3380. The main resistance is located at 1.3450 and deeper decline towards the 1.3300 area could be seen later on today.

Current trend: SELL

GBP/USD technical analysis today 06.04.2010:

Current price around 1.5190. Further decline could be seen around the 1.5100 area. There are not much events on the economic calender and the pressure of the US dollar may continue over the British currency.

Current trend: SELL

EUR/USD technical analysis today 06.04.2010:

The pair remains in downtrend movement. Further fall towards the 1.3300 zone could be possible later on today. On the other scenario, if the pair rise above the 1.3600 area further rise could be seen towards the 1.3750 area.

Current trend: SELL

UK Manufacturing PMI report will be released today:

It's a leading indicator of economic health. The forecast is 56.4 and the actual report number must be higher than the forecast in order to be in favor of the British currency on the market. The report will be released today at 9:30 a.m. GMT.

US Unemployment Claims will be released today:

The forecast is 440K. Last report on March 25, 2010 the forecast was 452K and the actual report number was 442K which was below the expectations and there was some strong movement on the market in favor of the US dollar. The report will be released today at 1:30 p.m. GMT.

EUR/USD technical analysis today 01.04.2010:

The currency pair remains in uptrend position. Current price around 1.3510 area. The pair may continue to rise around the 1.3600 area in a couple of hours. The US Unemployment Claims and the US ISM Manufacturing PMI reports will be released today which will affect the forex market and the currency pair.