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Daily Forex Reports |
Written by AceTraderfx.com |
Tuesday, 25 May 2010 01:10 GMT
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Market Review - 24/05/2010 21:24 GMT
Euro weakens as bank failure in Spain stokes debt fearsEuro declined on Monday as European debt crisis continued to weigh on the single currency after Spanish central bank seized a local savings bank over... |
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Daily Forex Reports |
Written by ecPulse.com |
Monday, 24 May 2010 12:16 GMT
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EURUSD The pair is trading under more negative pressure below the retest level shown above, due to effects from the minor bearish pattern, where its neckline at 1.2470 has been breached. Stochastic entered oversold areas, thus holding the... |
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Daily Forex Reports |
Written by forexpros.com |
Monday, 24 May 2010 10:12 GMT
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ForexPros Daily Analysis May 24, 2010
Fundamental Analysis: GDP (QoQ)
European traders anticipate the publication of the UK GDP. The Gross Domestic Product is the broadest measure of economic activity and is a key indicator for the economy's... |
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Daily Forex Reports |
Written by iFOREX.bg |
Monday, 24 May 2010 10:06 GMT
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USD/JPY Open 90.12 High 90.68 Low 89.24 Close 89.94
Dollar/Yen traded hesitantly and within a range on Friday, in converse the Interbank sentiment at nearly -31%. The currency couple was moving within the 89.24 - 90.46 scope, closing the week at... |
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Daily Forex Reports |
Written by InstaForex.com |
Monday, 24 May 2010 09:05 GMT
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Friday, the American stock markets rose due to financial companies shares after that the Senate passed a bill about the financial sector regulating reform. Dow Jones Industrial Average index rose by 125,38 points or by 1,25% to 10193,39 points.
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Daily Forex Reports |
Written by bforex.com |
Monday, 24 May 2010 08:45 GMT
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The weekend probably came as a relief for many investors after a full week of swift market action which was packed with volatility. The USD finished within the stronger parts of its range versus both the EUR and GBP.
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Daily Forex Reports |
Written by ecPulse.com |
Monday, 24 May 2010 08:39 GMT
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The pair is still trading within the main descending channel shown above; the channel led the pair in a downside correction that did not surpass 76.4% Fibonacci correction for the entire upside wave that started from 118.82 and ended temporarily at... |
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Daily Forex Reports |
Written by bforex.com |
Monday, 24 May 2010 08:06 GMT
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Friday’s PMI data from Europe did nothing to warm the hearts of EUR investors. Nearly all the reports from Germany and France from the Flash Manufacturing and Services were negative and the broad European data was proven to be in the doldrums.
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Daily Forex Reports |
Written by iFOREX.bg |
Monday, 24 May 2010 08:04 GMT
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GBP/USD Open 1.4460 High 1.4529 Low 1.4324 Close 1.4473
Pound/Dollar was held within a wide trading range last week, and showed willingness for recovery on Friday, in converse with negative Interbank sentiment at nearly -58%. The Cable traded with a... |
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Daily Forex Reports |
Written by bforex.com |
Monday, 24 May 2010 07:50 GMT
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The Sterling continues to be in the shadows of EUR centric crosshairs and finds itself in the weaker realms of its range versus the USD. On Friday the U.K. released Mortgage Approval data and its results proved disappointing with an outcome of 47k... |
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