ForexPros Daily Analysis June 15, 2010 Fundamental Analysis: BoE Gov King Speaks European traders await the speech by, Bank of England governor, Mervyn King. As head of Britain’s central bank, which controls key short term interest rates,...
USD/JPY Open 91.63 High 92.03 Low 91.07 Close 91.56On Monday Dollar/Yen traded at first quietly, than with a decrease, in line with the Interbank sentiment at nearly -59%. The currency couple slightly appreciated to 92.03 yesterday, than...
The 38.2% correction held against the pair’s downside correctional attempts as seen on the daily chart below. The pair rushed to the upside to retest the breached neckline for the bearish pattern at 0.8605.
A mixed day of trading greeted investors entering Monday’s broad markets. The USD traded to the weaker side of its range against the EUR and GBP, but still maintained its better values achieved over the past month....
The EUR continued to trade firm on Monday and this came as Sovereign Debt related news did make its way into the public domain. Spanish bond yields did increase yesterday on rumors that the Spanish government would...
The Sterling had another day of rather good trading as it gained against the USD. The RICS House Price Balance figures turned in a better than estimated figure of 22% compared to the forecast of 16%. Today...
The JPY gained on the USD in what has become a time honored risk adverse trade. Meaning that as the Asian bourses moved in a weary manner due to mixed results coming from other international equities, the...
USDCAD: This continues to be an interesting pair to watch as many technicians believe the price action on the CAD will be a leading indicator for the rest of the G-7. Here are the Support & Resistance...
Crude continues trading within the bullish intraday channel shown above, after it has halted crude’s pivotal neckline 75.75 from attempting to breach it and achieve more upside movement since yesterday.
EURUSD The pair started its gradual descend naturally within the upside intraday channel shown yesterday, in an attempt to build a base on its support level around 1.2160 currently.
