Market Review – 08/09/2010 22:48 GMTEuro recovers as European debt sales ease risk aversion The single currency rose against the greenback on Wednesday, as improved demand for Portuguese and Polish bonds eased recent concerns over the European...
ForexPros Daily Analysis September 08, 2010 Euro Dollar The Euro fell heavily during yesterday’s Asian session, then it resumed the drop during the European session. After stopping just below the enormous resistance we talked about in Monday’s...
After recording the top at 94.48 the pair started the downside correction breaching 38.2% then 50% correction and facing 61.8% which is the critical obstacle over short term basis.
Pound/yen is still developing daily downtrend within wave C (colored light green on the chart). Within this wave we have a set of A-B waves (colored magenta) and wave C developing. The latter was confirmed on 128.64...
With summer almost in the rear view mirror and investors returning from the Labor Day holiday, the USD gained against the EUR and GBP swiftly. There was no major data from the U.S. on Tuesday, but risk...
Crude is trading within a bullish channel shown in the chart above, where this channel organizes the bullish correctional trend that crude has started from 70.75.
EURUSDThe pair stabilized trading below 1.2770 – 1.2730 and thereby pointing out that it will resume the bearish short term trend after the temporary ascend that has started on the 24th of last month. Some fluctuation and...
Less than expected German factory orders and worries over the Irish fiscal situation had traders bidding equities lower and buying into safe haven assets as USD/JPY and the EUR/CHF fell to new lows.
Market Review – 07/09/2010 22:01 GMTYen surges to a fresh fifteen-year high against dollar after BOJ’s Shirakawa’s comments The greenback fell sharply against the Japanese yen on Tuesday, as the Bank of Japan Governor Shirakawa’s comments increased...
ForexPros Daily Analysis September 07, 2010 Euro Dollar We wondered in yesterday’s report, if the Dollar was able to survive after reaching critical levels at 1.2920 for the EURUSD, and 1.5490 for the GBPUSD. The answer to...
