Crude continued its bearish pressure to breach 61.8% Fibonacci correction for the final ascend that will start from 67.15 towards the recorded top at 79.90. This makes us expect more bearish intraday movement today, where targets start at...
EUR/USD Open 1.2537 High 1.2562 Low 1.2480 Close 1.2536 On Monday Euro/Dollar decreased insignificantly. The European currency depreciated from 1.2562 to 1.2510 yesterday, in converse the Interbank sentiment projection, at nearly +4%, closing the day at 1.2536....
Market Review – 05/07/2010 19:34 GMTEuro falls against U.S. dollar on profit-taking and rate outlookThe euro traded sideways in Asia but with a soft undertone on Monday after Friday’s retreat fm 1.2613 to 1.2528 in NY trading...
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...
