A choppy day of trading took place on Monday for the USD and broad markets. The greenback traded in range against the EUR and GBP, but having started the day off on stronger footing it finished nearly...
The EUR maintained its range on Monday, this after starting the day on a weaker foot, but it found the ability to advance as the day progressed. There was little in the way of economic data yesterday,...
The Sterling lost a bit of ground to the USD on Monday, but this came after several strong sessions and its trading can be interpreted as a range. Today the U.K. will release Prelim Mortgage Approval and...
The JPY turned in a rather consolidated performance on Monday highlighting the amount of tentativeness within the broad markets. Asian investors have shown just as much caution as their international counterparts and the JPY remains in a...
The pair is trading sideways among the support at 131.10 and the resistance at 135.75 since the beginning of June; where the resistance for the trading range is resembled by the 61.8% Fibonacci correction previously breached.
GBP/USD Open 1.5225 High 1.5348 Low 1.5204 Close 1.5227 After an unsuccessful upward push ups, on Monday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5348 to...
OIL: Crude Oil is currently holding above the 50 day moving average where it has found temporary Support. However, Oil is still trading below the 100 and 200 day MA’s, as they act as near term Resistance....
Crude has witnessed support forming at the MA 50 pushing it to retest the previously breached rising wedge that has presently turned into resistance at 77.60. We expect to reach this level, followed by a bearish reversal...
EURUSDThe pair continues fluctuating near the pivotal resistance at 1.2985 –61.8% Fibonacci– where trading is taking a form near the symmetrical triangle; therefore, we expect a bullish intraday trend that will start after a clear breach of the...
EUR/USD Open 1.2940 High 1.2983 Low 1.2873 Close 1.2942 After starting with downward correction during the Asian session, on Monday Euro/Dollar continued ascending. The European currency appreciated from 1.2873 to 1.2983 yesterday, matching the positive Interbank sentiment...
