Market Review – 25/06/2010 21:39 GMTEuro rebounds strongly as U.S. stocks and commodities advanceEuro pared its initial losses and rose on Friday as gains in U.S. stocks and crude oil boosted risk appetite while commodity-linked currencies also...
Crude is trading within a narrow range since this morning while showing pivotal support which is awaited to be breached 75.75 as it maintains its stance in front of crude’s attempts at descending. The stochastic is still...
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
USD/JPY Open 89.61 High 89.97 Low 89.23 Close 89.62On Thursday Dollar/Yen continued decreasing, in line with the Interbank sentiment at around -65%. The currency couple depreciated from 89.97 to 89.23 yesterday, closing the day at 89.62.
This week has thus far produced cautious moves within the currencies as the USD has basically stagnated against the majors as investors have proven a nervous bunch. Data from the United States continues to backpedal and show...
The EUR has found itself in stagnant territory much of this week, reflecting the general sentiment which surrounds the E.U. economic environment. Data from the E.U. continues to highlight poor outcomes.
The Sterling has done better this week with a backdrop of strong austerity measures being sought by the U.K. government. There will be no major economic data today from England, but it will be the sentiment perhaps...
The JPY finds itself on the stronger sides of its safe haven range against the USD going into today’s final trading session. Risk appetite in the Asian bourses has been struggling most of the week reflecting global...
Recently, the pair has been showing volatility as after the breakout of the neckline showed in our previous reports around 0.8605, Fibonacci 38.2% correctional level halted the short-term downside trend which took the pair to the upside...
GBP/USD Open 1.4926 High 1.5003 Low 1.4917 Close 1.4935On Thursday Pound/Dollar traded hesitantly, in converse with negative Interbank sentiment at around -18%. The Cable was moving within the 1.4917 – 1.5003 range yesterday, closing the day at...
