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Daily Forex Reports |
Written by ecPulse.com |
Monday, 02 August 2010 08:59 GMT
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The metal succeeded in breaching the support line of the bullish wave as we mentioned in previous reports, influenced by the bearish pattern appearing on the provided chart. We know that, the suggested neckline was breached at 1192.00 earlier and... |
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Daily Forex Reports |
Written by Forexyard.com |
Monday, 02 August 2010 08:10 GMT
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Riskier currencies like the EUR and U.K. pound made significant gains against both the Yen and U.S. Dollar in overnight trading, as the markets prepare for a heavy trading week. Traders will want to pay attention to a number of news events today... |
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Daily Forex Reports |
Written by bforex.com |
Monday, 02 August 2010 08:06 GMT
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USDJPY:
The JPY is clearly trending down as it makes lower highs and and lower lows (known as a Step Pattern). However, strong Resistance sits at 86.34, exactly where the JPY closed on Friday. The two long wicked candles (see blue arrows) represent... |
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Daily Forex Reports |
Written by ecPulse.com |
Monday, 02 August 2010 07:03 GMT
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Crude rushed to the upside to retest the support for the rising wedge previously breached, which clearly turned into resistance at 79.35; this level held against crude supported by overbought signals. Therefore, we expect a downside move this week... |
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Daily Forex Reports |
Written by ecPulse.com |
Monday, 02 August 2010 07:00 GMT
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EURUSD
The pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown below. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in... |
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Daily Forex Reports |
Written by AceTraderfx.com |
Monday, 02 August 2010 01:06 GMT
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Market Review - 30/07/2010 22:11 GMTDollar falls to a fresh eight-month low against yen on concerns over U.S. economic growthThe greenback remained under heavy selling pressure versus the Japanese yen in Asian morning after Thursday's cross-inspired... |
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Daily Forex Reports |
Written by InstaForex.com |
Friday, 30 July 2010 15:32 GMT
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The stock indices dropped according to the trading results on Thursday amid discrepant data.
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Daily Forex Reports |
Written by bforex.com |
Friday, 30 July 2010 09:11 GMT
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The USD continued to trade in a rather well defined range on Thursday. The U.S. released weekly Unemployment Claims that came in a little better than expected, but quarterly earnings from corporate America disappointed investors and this put Wall... |
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Daily Forex Reports |
Written by Forexyard.com |
Friday, 30 July 2010 06:26 GMT
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After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance... |
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Daily Forex Reports |
Written by AceTraderfx.com |
Friday, 30 July 2010 01:21 GMT
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Market Review - 29/07/2010 22:56 GMTEuro surges above $1.3100 on upbeat European economic dataThe single currency broke above the $1.31 level for the first time since May as German unemployment decreased while European confidence in the economic... |
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