EURUSDThe pair succeeded in breaching the pivotal support levels mentioned this morning at 1.2845, as it attempts to stabilize below it to insure that morning scenario is activated. From here, morning expectations will remain intact as long...
Crude maintains pursuing the retest of support for the previously breached rising wedge; whereas overbought signs continue appearing though momentum indicators. Therefore, morning expectations will remain intact if the daily closing is above 78.50.
The USD gained on the EUR, but produced rather range bound trading versus the GBP and JPY on Tuesday. The greenback advanced against the EUR, but its move will be interpreted as rather tranquil by most.
The EUR lost some ground to the USD on Tuesday, but it did not happen with any great force. There was little in the way of economic data from the E.U. yesterday except for the German PPI...
The Bank of England will release the MPC Meeting Minutes today, but no great surprises are expected. The Sterling has found calm waters the past two days of trading as it has essentially range traded. The U.K....
The JPY continues to trade in a strong manner, but did give some of its gains back to the USD later on Tuesday. Nervous bourses throughout Asia have created a rather palpable run to the perceived safe...
USD/JPY Open 87.27 High 87.57 Low 86.69 Close 87.48 Dollar/Yen continued the upward adjustment on Tuesday, in line with the positive Interbank sentiment at nearly +1%. The currency couple appreciated from 86.69 to 87.57 yesterday, closing the...
Trend Direction: Bullish Trend Reversal Level: 1.4940 Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
ForexPros Daily Analysis July 21, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given...
The last short term upside wave which started after reaching the support for the medium term trend at 14.63 ended at the recorded top of 19.80, from where silver started a downside correction as seen on the...
