EURUSDThe pair was able to surpass 1.2600 to achieve its highest level yesterday around 1.2660, but due to the negative pressure on the pair to attempt some bearish correction; therefore we can expect to build a base...
Crude inclined, touching 50% Fibonacci correctional level that has turned into resistance after it has previously been breached, but will lead to a quick descend to trade once again within the mentioned bearish channel in yesterday’s reports below 61.8% Fibonacci.
The EUR/USD pair continued last week rally during Tuesday trading session, which was the first trading day in the U.S. during this short trading week. The strength of the Euro came along with the Non Manufacturing Purchasing...
EUR/USD Open 1.2615 High 1.2658 Low 1.2569 Close 1.2624 On Tuesday Euro/Dollar increased insignificantly. The European currency appreciated from 1.2569 to 1.2658 yesterday, in line the Interbank sentiment projection, at around +4%, closing the day at 1.2624....
Market Review – 06/07/2010 22:12 GMTEuro rises to a six week high on weak U.S. ISM non-manufacturing dataAlthough the single currency fell briefly below Monday’s low of 1.2510 to 1.2479 fm 1.2545 in Asian morning, euro erased...
EURUSD The pair rushed to the upside but was unable to stabilize above 1.2600. Stochastic lost the bullish momentum, which could push the pair lower to retest the morning suggested areas before resuming to the upside; targets...
Crude managed to strongly breach 72.05 targeting $73.00 per barrel, due to the positive effect of the clear momentum indicators within the four hour chart. The stochastic is losing bullish momentum and nearing overbought areas, thus making...
The DJIA completed the formation of a bearish pattern mentioned in our previous report on June 24. The index managed to breach its neckline at 9790.00 activating the pattern which pushed the index south over short term...
ForexPros Daily Analysis July 6, 2010 Fundamental Analysis: Canadian Ivey PMI North American traders anticipate the publication of the Ivey Purchasing Manager’s Index (PMI). The index measures the activity level of purchasing managers in Canada. Any reading...
Growing global fears over potentially stagnating in China’s and the U.S’s economic recovery as well as mounting concerns over the overall health of the Euro Zone’s banking system have pushed investors to seek refuge in safe haven...
