USD The Dollar rose against both the Euro and the Yen on Friday as better than expected data showed that consumer confidence rose in June to its highest level in more than two years. Moreover, Forex traders...
GBP/USD Open 1.4581 High 1.4743 Low 1.4511 Close 1.4546After a slight increase on Friday, Pound/Dollar lost all Thursday’s gains, in line with negative Interbank sentiment at around -34%. The Cable depreciated from 1.4745 to 1.4506 on Friday,...
Crude continues trading within the ascending channel shown below, according to the scenario mentioned in our previous reports, where the last bearish movement that touched this channel support is around 73.25 meeting with MA 100 and is accompanied by...
EURUSD The pair continued its upside push where it managed to breach the resistance level for the descending short term channel, surpassing the breached retest line for the previously mentioned bearish technical pattern at 1.2130.
USDCAD: The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change...
The US dollar appears to have lost modest ground against its primary currency rivals during short-covering at the end of last week’s trading. The Bank for International Settlements (BIS) released a statement on Sunday declaring that while...
EUR/USD Open 1.2145 High 1.2206 Low 1.2057 Close 1.2106On Friday Euro/Dollar recovered further in the morning, that made a deep correction. The European currency appreciated to 1.2147 on Friday, than bounced down to 1.2057, in line with...
Market Review – 11/06/2010 21:43 GMTDollar gains on concerns over economic recoveryDespite falling for 3 consecutive days versus the euro, dollar gained on Friday after the release of much weaker-than-expected U.S. retail sales data, rekindling concerns that...
Crude initiated the expected downside move after building the base on 75.60 and neared the main target at 73.70. A secondary descending channel is structuring the intraday wave while momentum indicators remain negative supporting our expectations.
EURUSD The pair is fluctuating around the resistance for the descending channel and below 61.8% correction, alongside negative signals on momentum indicators. We preserve our morning expectations as far as the pair does not stabilize above 1.2150.
