Yen Continues to Strengthen
The Japanese yen made another bullish move against the majors as the steps taken by the Bank of Japan to weaken the yen only served to increase traders’ resolve to increase bullish bets on the Japanese currency.
Category: Daily Forex Reports
Daily FX Market Review by Acetrader
Market Review – 30/08/2010 22:46 GMTThe Japanese yen rises broadly as BOJ’s easing move disappoints investors The Japanese yen strengthened against major currencies on Monday, as investors worried that BOJ’s easing measures are not aggressive enough to...
Analytical Review for EUR/USD with an Outlook for August 30, 2010
On Friday, the European currency uprose against the US dollar amid declaration of the US FRS Chairman Ben Bernanke about an intent to support the economic recovery.
Forexpros.com Daily Analysis – 30/08/2010
ForexPros Daily Analysis August 30, 2010 Euro Dollar The Euro reached a new weekly high on Friday at 1.2777, before retreating around 50 pips by the closing time. With this, the Euro continues to rise slowly, without...
GBP JPY in Depth
Areas of 76.4% Fibonacci held against the pair downside attempts within the descending channel over medium term basis; the pair rebounded to the upside towards the channel’s resistance where it neared those areas and settled for 137.75...
Crude Oil weekly Report 30/ August /2010
Crude appreciated strongly after settling above the previously breached downside channel’s resistance levels, affected by the rising technical pattern that witnessed a breach for its neckline at 73.95 along with the momentum indicator’s entering overbought areas. Accordingly,...
Major Currencies’ weekly Report 30/ August /2010
EURUSDThe pair fluctuated near the previously breached pivot support levels at 1.2730, with attempts to stabilize above it. Note that, the last week’s closing level was exactly at these levels, accordingly, preserving our expectations of adownside wave during this week, supported...
Summer Trading Will Soon End
Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the...
S&P in Depth
The index succeeded in completing the bearish head & shoulders pattern which we mentioned before with the neckline at 1040.00; the index breached the neckline though lacked the downside momentum to reach the targets in addition to...
Platinum in Depth
Trading exited the main ascending channel to correct the entire upside wave which started from 745.00 to the top at 1752.50, this downside correction is finding difficulty in breaching 23.6%. As seen above, trading is restricted within...