ForexPros Daily Analysis July 13, 2010 Fundamental Analysis: FOMC Meeting Minutes The American traders anticipate the publication oh The Federal Open Market Committee (FOMC) Meeting Minutes, them being a detailed record of the committee’s interest rate meeting...
After the medium term upside wave that started from the recorded bottom at 12.03 towards the temporary top at 24.24, the share breached the support for the upside channel that organized the bullishness shown over daily basis...
GBP/USD Open 1.5018 High 1.5084 Low 1.4948 Close 1.5029 After the range trading last week, on Monday Pound/Dollar started decreasing, in converse with the Interbank sentiment at around +8%. The Cable at first descended to 1.4948 yesterday,...
Monday’s trading proved rather muted for the USD, which managed to trade largely in range against the other major currencies before going into to the weekend and while opening up trading this week.
The EUR has given back some of its gains made earlier last week and has traded in range for a couple of days now. Without much in the way of economic data from the European Union yesterday...
The Sterling has run into a headwind the last couple of sessions after doing well the past two weeks. The U.K. released their delayed Final GDP report on Monday and it met expectations, but it added that...
The JPY has languished within a rather consolidated range the past week and this has come about as Asian bourses have produced rather bumpy results. The Japanese and the Chinese stock markets continue to display a tangible...
Due to renewed concerns regarding the Euro-Zone’s debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. However, what will determine the direction of the Dollar...
Crude breached the critical support awaited yesterday at 75.15 and stabilized below it. Momentum indicators are trending lower and accordingly we expect an intraday downside move today further expected with stability below the 50 MA; targets start...
EURUSDThe critical support area of 1.2545 held against the pair supported by the 50 MA and positive momentum on Stochastic. Therefore, we see the likelihood for an intraday upside move targeting the channel’s resistance at 1.2750; nonetheless, we...
