Crude succeeded in achieving yesterday’s scenario flawlessly by touching the awaited target around 75.65 and returned to trade above support for the previously mentioned rising wedge. The stochastic is close to showing negative signs that make us...
EURUSDThe pair pushed to the upside achieving yesterday’s suggested scenario that has halted around 1.2950 due to the negativity of momentum indicators. We expect the pair to attempt some minor bearish correction before resuming the expected bullish intraday...
EUR/USD Open 1.2918 High 1.2953 Low 1.2707 Close 1.2936 On Thursday Euro/Dollar continued rising significantly. The European currency appreciated from 1.2707 to 1.2953 yesterday, not exactly matching the weak positive Interbank sentiment projection, at nearly +5%, closing...
Market Review – 15/07/2010 21:33 GMTEuro rallies above 1.2900 on weak U.S. manufacturing data Although the single currency rose from 1.2708 to 1.2765 in Asian morning after the release of China’s GDP, H1 came out first at...
GBP/JPY is now moving within longterm and intermediate uptrend. However, the intermediate trend is now being corrected, wave B is developing (colored orange red on the chart)
EURUSD The pair breached resistance for the bullish channel that has currently turned into support at 1.2775, shown in the image above. Momentum indicators are still moving in overbought areas, but the stochastic is showing positive crossover...
Crude is fluctuating around the mentioned morning resistance level that is currently moving to the upside towards 77.40, while the four hour candlestick closing is below it. Morning expectations will remain intact although we might witness some fluctuation...
The Dollar continues to remain under extensive selling pressure as it is becoming increasingly apparent that the U.S economic recovery may be slowing down.
USD/JPY Open 88.27 High 89.10 Low 87.85 Close 88.43 After an insignificant continuation of the upward impulse, on Wednesday Dollar/Yen began a sharp decrease, loosing all gains from the previous day, in line with the negative Interbank...
ForexPros Daily Analysis July 15, 2010 Fundamental Analysis: Core CPI The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy.The CPI measures price change from the perspective...
