The USD essentially traded in range on Wednesday as caution seeped into the broad market place. Wall Street was not able to maintain its momentum from the first two days of trading this week and experienced a...
The EUR encountered headwinds on Wednesday after the previous day’s rather strong gains. The Industrial Production data for Europe was released yesterday and produced a gain of 0.9%, which was below the forecast of 1.2%.
The Sterling was able to maintain its gains on Wednesday against the USD. The Claimant Count Change was published yesterday and was slightly better than anticipated. The data will remain rather quiet the next two days and...
The JPY gained against the USD as Asian bourses turned negative and investor sentiment moved quickly towards a risk adverse flavor. Gold traded in a rather consolidated manner and remains around 1213.00 USD per ounce.
The index is trading steadily within the descending channel which is controlling the downside correction since the recorded temporary top over medium term basis at 23107.
GBP/USD Open 1.5266 High 1.5293 Low 1.5181 Close 1.5268 On Wednesday Pound/Dollar continued the upward impulse with just over 100 pips, in line with the positive Interbank sentiment at nearly +20%. The Cable appreciated from 1.5181 to...
EURUSDThe pair continued its upside trend yesterday touching resistance for the bullish channel once again that meets with 50% Fibonacci correction. Momentum indicators are still showing negative signs that maintain chances of a minor bearish correction intact,...
Crude continues to fluctuate around resistance for the rising wedge shown in our report yesterday while managing to stabilize below it. The stochastic is heading to the downside as the RSI is showing clear overbought signs; thus,...
Despite enthusiasm over the start of earnings season markets paired gains yesterday. Retails Sales in the U.S. came in lower than expected for the second consecutive month. Investors responded by sending equities lower. In the currency markets...
EUR/USD Open 1.2740 High 1.2773 Low 1.2681 Close 1.2742 On Wednesday Euro/Dollar traded quietly and within a nearly 100 pips range. The European currency appreciated from 1.2681 to 1.2773 yesterday, matching the weak Interbank sentiment projection, at...
