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.
USD/JPY Open 91.33 High 91.69 Low 90.87 Close 91.34On Thursday Dollar/Yen traded hesitantly and within a range, in converse with the Interbank sentiment at nearly -60%. The currency couple slightly appreciated from 90.87 to 91.45 yesterday, closing...
The USD lost some ground to the GBP and a bit of footing against the EUR on Thursday. These results came as risk appetite made an appearance on Wall Street as the major indexes all rose. However,...
The EUR traded in a stable manner on Thursday and turned in some gains versus the USD. The ECB managed to get through their press conference with President Trichet at the helm and keeping calm waters. That...
The Sterling enjoyed a good run as it gained against the USD on Thursday. This came as the BoE announced that they are continuing with their stimulus spending regarding quantitative easing. The U.K. economy remains vulnerable and...
As if participating in a well rehearsed play, the JPY lost ground to the USD as international equity markets began to climb and risk appetite came into the broad markets. The currency pair has been a good...
The index started a downside correction after breaching the support for the medium term bullishness and temporary halted the move at 23.6% correction to rebound due to oversold signs and positive crossover on Stochastic over daily basis...
GBP/USD Open 1.4704 High 1.4743 Low 1.4511 Close 1.4713On Thursday Pound/Dollar continued climbing, in converse with negative Interbank sentiment at around -44%. The Cable appreciated from 1.4398 to 1.4719, closing the day at 1.4713. Today increasing extended...
Crude reached the full targets suggested yesterday and was unable in stabilizing above the more critical resistance over short term basis at 75.75 affected by the resistance for the ascending channel over intraday basis at 69.50. Those...
