Today’s non-farm data from Automatic Data Processing Inc. (ADP) should give traders a glance into a sizeable portion of Friday’s Non-Farm Payrolls release, since it will be measuring the private sector of the US economy. Expectations are...
Market Review – 05/10/2010 23:04 GMTEuro rallies to a eight-month high against dollar amid Fed easing speculationThe single currency surged to an 8-month high against dollar on Tuesday, as the quantitative easing from BOJ fueled the speculation...
GBP/JPY rolls back after it breached the support level of 131.71. However, the viewpoint is bearish as GBP/JPY is traded in downtrend. Earlier on a 4-hour chart, GBP/JPY has formed the combination of candlesticks Bearish Engulfing, thus...
The euro stepped back from the reached maximums against the greenback. Asian and European trading sessions: Euro: The euro was under pressure during the morning trading, due to the negative influence from the European banking sector. Therefore,...
ForexPros Daily News October 5, 2010 Forex – USD/JPY erases gains amid Fed stimulus concerns Forex Pros – The U.S. dollar erased gains against the yen on Tuesday, retreating from a 4-day high, amid concerns that the...
The USD started off on a stronger foot Monday, but as the day wore on began to give much of its gains back and fell to the weaker sides of its ranges versus most of the major...
Oil: The faster the time frame the greater the relative volatility appears to be. On the chart below we use a monthly tenor. A Wedge pattern present itself which suggests that price is readying itself for a...
The yen is taking center stage today following the completion of the Bank of Japan two-day policy meeting. Traders were anticipating further calls for intervention but were surprised to hear of a cut in the interest rate...
Market Review – 04/10/2010 22:20 GMTEuro tumbles from a 6 1/2-month high on renewed concerns over European debtEuro tanked from a 6 1/2-month high against dollar on Monday, as renewed worries about European debt crisis dampened investors’...
According to wave count this currency pair has just ended daily corrective wave B (colored royal blue on the chart). To confirm wave C break above 135.03 is needed. If the price breaks below 130.78 it means...
