ForexPros Daily Analysis July 5, 2010 Fundamental Analysis: RBA Rate Statement Traders anticipate the publication of the RBA Rate Statement. The Reserve Bank of Australia’s monthly interest rate statement describes its latest decision regarding changes to the...
USD/JPY Open 87.74 High 88.17 Low 87.52 Close 87.70 On Friday Dollar/Yen recorded insignificant decrease, not matching the positive Interbank sentiment at around +8%. The currency couple depreciated from 88.17 to 87.52 on Friday, closing the week...
The index exited the bullish medium term channel which started from the recorded bottom at 3587.00. Currently trading stabilized below the breached support which turned into resistance at 6235.00 which is the gateway for the index to...
GBP/USD Open 1.5191 High 1.5208 Low 1.5153 Close 1.5194 On Friday Pound/Dollar was trading quietly, matching the weak negative Interbank sentiment at around -1%. The Cable appreciated insignificantly from 1.5153 to 1.5208 on Friday, closing the week...
After a string of poor housing, manufacturing and consumer spending data, the U.S ended the week on an even more disappointing note as the U.S Bureau of Labor statistics announced that the world’s largest economy lost more...
The USD continued to trade near the lower parts of its range versus the major currencies on Friday and this took place on the heels of a poor Non Farm Employment Change number. The U.S. is on...
As this week begins, the major question in the market is whether the U.S. dollar will drop further, or can it erase last week’s losses? The dollar weakened on all fronts last week, following a series of...
EURUSD The pair was able to insure a breach of the neckline at 1.2470 to activate the bullish technical pattern shown in our previous reports, where it succeeded in surpassing resistance for the main bearish channel shown...
Crude stabilized trading below support for the key ascending channel after insuring the breach of the neckline for the bullish technical pattern, shown below. We still see that there are bearish targets for this pattern that have...
EUR/USD Open 1.2553 High 1.2603 Low 1.2485 Close 1.2552 On Friday Euro/Dollar climbed further. The European currency rose from 1.2485 to 1.2603, in line the Interbank sentiment projection, at nearly +7%, closing the week at 1.2552.
