USD – Double Dip Implications
A quiet day of economic releases greeted traders returning from the weekend, but the USD did manage to pick up some of its lost ground versus the GBP and EUR. Wall Street was slightly positive by day’s...
Category: Daily Forex Reports
EUR – What Would The Knock On Effect Be?
The EUR moved within steady territory on Monday as it gave up a trace of its previous gains against the USD. The European Sentix Investor Confidence reading was released yesterday and produced a better result, but its...
GBP – Consumer Spending Lackluster
The Sterling was taken lower on Monday on the back of a disappointing round of data. The BRCS Retail Sales Monitor produced a weaker reading than the previous month with a gain of only 0.5% compared to...
JPY & AUD – Bank Of Japan Does Not Take Action
The JPY remained at the higher levels of its range against the USD on Monday and late last night (European time) the Bank of Japan once again showed that it refuses to take significant action.
Crude Oil Morning Report 10/ August /2010
Crude’s trading has stabilized below the pivotal level 81.75 as it points to more bearish movement that is still suggested to retest the initial neckline at 79.35, while trading continues in a natural manner within the bullish...
Major Currencies’ Morning Report 10/ August /2010
EURUSDThe pair breached the support line for the bullish channel appearing on the image above, where a possibility of a bearish technical pattern’s neckline is at 1.3115. These factors make us expect a bearish intraday direction, but keep in mind...
Gold, Risk And The Currency Markets
GOLD: Just a week and half ago Gold look poised to test the 200 day moving average. However, after 8 straight sessions in the black, Gold retook the 100 day MA and has now tested the 50...
Federal Funds Rate Leading Event in Today’s Market
The Federal Reserve is expected to keep its benchmark interest rate unchanged near 0% today, as traders get ready for a busy news cycle. The Fed’s corresponding rate statement is expected to provide an assessment of the...
Daily Market Outlook by AceTrader-10-8-2010
Market Review – 09/08/2010 22:47 GMTDollar rises against most currencies ahead of FOMC meetingDollar rose against most of its counterparts on Monday as investors unwound their existing positions and waited for signals on the statements on economic...
GBP/JPY Elliott wave count and Fibonacci levels, August 9, 2010
Wave count on larger timeframes shows that this currency pair is standing in a correction to daily wave 130.80-137.75 (colored royal blue). The targets of the longer term wave are Fibonacci retracement points of