USD – On The Fence And Waiting
The USD powered higher against the EUR and GBP on Thursday. Continuing its strong trend, the USD moved to four year high water marks against the EUR. Even as data from the U.S. yesterday proved rather lackluster,...
Category: Daily Forex Reports
EUR – A Final Test Before The Weekend
The EUR struggled to the weakest part of it range against the USD as the Single Currency was once again hit by negative news and poor data from Europe. The broad Retails Sales for the continent turned...
GBP – Halifax Data Today & Other Shadows
Consolidation greeted the Sterling on Thursday as it finished the day largely where it started as investors showed that they are quite tentative going into today’s jobless report from the States. The U.K. published the Services PMI...
JPY – Safe Haven Pair Proving Cautious
The JPY finds itself at the weaker part of its strong range against the USD. The Yen did manage to range trade yesterday after two losing sessions and investors will go into today’s trading session looking at...
The candlestick analysis of EUR/JPY for 04/06/2010
In 4-hour chart of the EUR/JPY, the combination of candles “Falling Three Methods” is forming. As it is known, this pattern is the signal for a fall and EUR/JPY forms it after the failed try
GBPUSD in depth
On the daily chart above, the pair is trading within a bearish channel over medium term basis, and after recently touching the channel’s support at the recorded low of 1.4230, the pair rushed to the upside though...
GBP/USD 1.4616 – 4 June 2010
GBP/USD Open 1.4629 High 1.4738 Low 1.4587 Close 1.4606On Thursday Pound/Dollar repeated Wednesday’s hesitant climbing and dropping, in line with negative Interbank sentiment at around -31%. The Cable appreciated to 1.4738, from where it descended down to...
Crude Oil Morning Report 04/6/2010
Crude fell sharply yesterday but returned to compensate for the losses through pushing upwards in a volatile manner and stabilizing above pivotal support currently ascending to 73.85. The base built above the MA 100 is an additional...
Major Currencies’ Morning Report 04/6/2010
EURUSD The 50 MA stood as a strong barrier in front of the pair’s attempts to ascend so it may sharply drop towards the pivotal 1.2175. Trading is within the bearish technical pattern, which makes us expect a...
Non-Farm Payrolls Could Further USD Bullishness
Ahead of the US Non-Farm Payroll data, expected at 12:30 GMT today, the Dollar seems to be trading on the upside. The forecast has put American employment into a healthy increase for the previous month, with a...