DAX in Depth
After the index exited the general upside wave in a downside correctional wave, the index continues to fluctuate within the newly established upside channel retesting the breached general support above.
Category: Daily Forex Reports
USD – Mixed Data Abounds
The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI.
The Next Few Days May Determine True USD Strength
EURUSD: The EUR has been consolidating below the 50 day moving average, after breaking below it, 2 weeks ago. It seemed unable to sustain a close above 1.27 and it could not close above it’s 100 day...
EUR – Trichet Will Set The Tone
The EUR gained yesterday even as Germany released bad Retail Sales numbers. The gain in value by the Single Currency against the greenback on Wednesday may prove to be a short term move on the belief by...
GBP – Nationwide HPI Today
A poor Manufacturing PMI report from the U.K. on Wednesday was enough to help drive the Sterling slightly lower against the USD. Mixed economic data has been the norm from the U.K. for a while now, but...
JPY & AUD – Yen Still Very Strong
The JPY continues to battle within the highest points of its value against the USD as the Bank of Japan expresses its desire to have a weaker currency. The problem for Japan is that it has not...
Crude Oil Morning Report 02/ September /2010
Oil rushed to the upside yesterday in order to retest the subsidiary channel’s support levels that were previously breached, but failed to maintain a daily closing above it. Trading is still leaning towards negativity supported by trading...
Major Currencies’ Morning Report 02/ September /2010
EURUSDThe pair assured yesterday the forming of a rising technical pattern that was mentioned in our previous reports, but stopped at the 61.8% Fibonacci levels that is forming into a resistance,
Riskier Currencies Mute Gains in Overnight Trading
Currencies like the euro and UK pound muted gains made yesterday as investors appear to be waiting on a batch of economic data set to be released later today. Signs that the global economic recovery is speeding...
Daily Market Outlook by AceTrader-2-9-2010
Market Review – 01/09/2010 22:48 GMTDollar falls as solid economic data eases growth worries The greenback fell against euro and the British pound as solid economic data eased worries over the global economic growth, boosting investors’ risk...