Market Review – 11/09/2010 02:04 GMTDollar rose against yen due to upbeat Chinese import data The greenback advanced against the Japanese yen on Friday as solid Chinese import data boosted investors’ confidence on the global economic recovery.
After recording the bottom over medium term basis at 80.07 the index started an upside correction which reached the 38.2% correction around 83.30 which forced the index to decline towards 23.6% which is strong support for the...
The pair continues trading within the descending channel organizing the short term bearishness since July. After recently reaching the resistance for the channel the pair head to the downside targeting the support for the channel around 82.00.
Riskier currencies made significant jumps in overnight trading, as positive news from the US economy led to renewed optimism in the global economic recovery. The most recent US Trade Balance and Unemployment figure both came in better...
Market Review – 09/09/2010 22:47 GMTDollar hovers near 15-year low against yen The greenback hovered above 15-year low against the Japanese yen on Thursday. The messages from Japanese officials were mixed and investors bet the Japanese government...
ForexPros Daily Analysis September 09, 2010 Euro Dollar The Euro’s rise stopped yesterday 7 pips before the level we recommended selling at. We saw this pair topping at 1.2761, before diving below 1.27 once again. Yesterday’s trading...
Platinum is still trading sideways among the support at 1485.00 and the resistance at 1602.00, and after reaching the support for the range recently, the metal rushed to the upside targeting the resistance for this range supported...
Crude continued its bullish trend yesterday stabilizing above SMA 50 affected by the minor bullish technical pattern that has formed at 74.40. Signs of a larger bullish pattern appear over four hour chart, where its neckline is...
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
The EUR rose against the U.S. dollar on Wednesday, buoyed by successful bond auctions in Portugal and Poland that made the single currency’s fall the prior session look overdone. The EUR rose 0.4% against the USD after...
