EURUSD: The EUR closed below both the 100 day and 50 day moving averages. The candle that caused the fall also initially broke below the 38.2% Fibonacci Retrace level. This level is generated by using the low...
Existing Home Sales in the U.S. plunged according to Tuesday’s report and this confirmed ‘whispers’ that had surrounded the number before its release. The USD traded in a stable manner against the EUR and GBP yesterday and...
The German GDP was released yesterday and it met its expectation head on with a gain of 2.2%. The EUR lost further ground to the USD Tuesday, but it accomplished this at a slower pace than the...
The Sterling found some stability on Tuesday and this occurred even as the BBA Mortgage Approval numbers disappointed investors with a figure of 33.7k, which was well below the estimate and the previous month’s outcome.
The BoJ entered the fray once again saying that it stands ready to act if the JPY continues to get stronger against the USD. It also went out of its way to warn ‘speculators’ that they should...
EURUSDThe pair pushed to correct the bearish wave mildly, according to the suggested scenario in yesterday’s reports and returned to negatively pressure it to resume trading within the current bearish trend. We notice that momentum indicators have...
Crude yesterday descended towards the awaited levels around 71.40 rebounding to the upside to form a bearish technical wedge that has breached its resistance level.
A downgrade of Ireland’s sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. The Standard & Poor’s Ratings Services downgraded Ireland’s credit rating late Tuesday on concerns about the...
Market Review – 24/08/2010 22:48 GMTJapanese yen surges to 15-year high versus dollar on risk aversion and weak US home sales data The Japanese yen rose to the highest level against the dollar in 15 years on...
Updating our technical overview for the previous published report of August 12, we see how the index succeeded in achieving the completing steps for the bearish pattern. Not only that, but also it breached the neckline followed...
