The JPY continued to trade in a strong manner on Monday as it gained against the USD. Asian bourses have reflected their international counterparts and have been largely uninspiring. The strength of the Yen continues to raise...
The index continues the downside correction triggered after recording the top at 23107 and as seen on the daily chart above, the 38.2% correction stopped the downside move to push the index higher towards the channel’s resistance.
Crude stabilized trading below the previously breached 61.8% Fibonacci correction that has currently turned into resistance at 75.80, thus pointing to chances of resuming the bearish direction that has started after breaching support for the bullish channel...
EURUSDThe pair continued fluctuating around pivotal 1.2830, accompanied by the stochastic entering overbought areas and therefore pointing to chances of resuming the expected bearish overall direction this week. From here, we expect a bearish intraday trend that targets...
Volumes were light during Monday’s trading as the yen climbed versus the major currencies. Japanese Q2 gross domestic product failed to meet market expectations, raising concerns over the pace of the global economic recovery.
Market Review – 16/08/2010 22:51 GMTDollar falls sharply versus yen and Swiss Franc on risk aversionDollar tanked against the Japanese yen on Monday, as concerns over global economic recovery prompted investors to buy safe-haven currencies such as...
After the index departed the ascending channel seen over daily basis, the index carried many attempts to retest the beached support within an upside wave structured by the minor ascending channel shown below.
The USD found a slew of backers as the week ended on risk adverse trading. Investors taking a defensive posture continued to pick up steam as the weekend approached due to rather lackluster Retail Sales.
The EUR continued to decline against the USD as the Single Currency ran into questions concerning any repercussions that could come about from double dip recessions if they were to come about.
The Sterling had a poor week against the USD, but still finds itself within a relatively good value range versus the greenback. The GBP did take a hit as poor economic data from the U.K. sent a...
