On a 4-hour graph the USD/CHF is descending again after it failed to break through the support level near 0.9645-0.9669. The viewpoint on the currency pair is still bearish. As mentioned before, the breakout of the support...
EUR/JPY Generally speaking, the pair is actually moving aside. However, during the Monday’s session, it stationed around the daily support of 108.46. The bullish engulfing template the pair created suggests a reversing trend for the short term....
With slow trading expected today, investors will likely keep their eyes on the U.S. Dollar and whether it can maintain its recent upswing that it experienced last week. Set to be released later today, the U.S. Consumer...
Market Review – 27/12/2010 21:42 GMT Euro rebounds against dollar after China’s rate hike The single currency initially fell against dollar on Monday after weekend’s quarter-point rate hike by PBOC in its key one-year lending and deposit...
ForexPros Daily Analysis December 27, 2010 I will be posting this week but will be looking at the market in broader terms since light volume tends to make trading setups more volatile in shorter timeframes.
Markets were relatively muted in overnight trading, as a lack of news events have created a low liquidity environment. Still, there were some erratic price movements to start of the week. The EUR/USD pair once again dropped...
USD Index chart USDX situation remained actually unchanged in comparison with previous week’s one. It consolidated in a price range between 80.31 and 80.82, forming rectangular price pattern. As rectangular is a trend continuation pattern we are...
On a 4-hour graph the GBP/USD has bounced off of 1.5355. Nevertheless, the viewpoint on this pair is still bearish as the downtrend still remains. Earlier the pair dropped sharply after it failed to break out the...
Crude futures hit a two-year high Thursday, reaching above $91 a barrel as several economic data releases from the U.S offered a brighter economic outlook for the world’s largest oil consumer.
Market Review – 23/12/2010 21:27 GMT Euro rebounds vs dollar on short-covering The single currency ratcheted higher from Wednesday’s NY low of 1.3078 to 1.3152 on short-covering but euro retreated sharply and fell to 1.3055.
