UR/USD Open 1.2170 High 1.2319 Low 1.2152 Close 1.2160On Thursday Euro/Dollar traded with a slight increase at first, later in the day recorded significant decrease, but not below week’s low. Euro/Dollar depreciated from 1.2319 to 1.2152 yesterday,...
Market Review – 03/06/2010 21:45 GMTDollar firms ahead of key U.S. payroll dataThe U.S. dollar rose across the board on Thursday as investors made bullish bets for a strong reading of the key U.S. payrolls data due...
The mixed signals pointed in our morning report are starting to affect crude, where it managed to breach the awaited resistance level at 73.75; but due to the 100 MA and the negative cross over on Stochastic...
EURUSD The pair set a four-hour closing above the awaited morning resistance at 1.2290; therefore activating the suggested morning scenario, although the affect of the 50 MA and Stochastic’s negativit y has pushed the pair to move...
ForexPros Daily Analysis June 3, 2010 Fundamental Analysis: US Nonfarm Payrolls Traders of the US anticipate the publication of the Nonfarm Payrolls. The data measures the change in the number of employed people during the last month...
The JPY traded lower against the USD again on Wednesday and finds itself moving towards the weaker sides of its range against the greenback. This has come on the heels of a political upheaval in Japan in...
After temporarily exiting the main ascending channel over weekly basis above, the index indulged in a downside correction which settled for the 23.6% correction supported by the 50 MA and then reversed to the upside to test...
GBP/USD Open 1.4646 High 1.4767 Low 1.4561 Close 1.4651After the good but exhausting rise, which took place earlier this week, on Wednesday Pound/Dollar corrected downward, in line with negative Interbank sentiment at nearly -33%. The Cable dropped...
Averages serve one key purpose, to smooth out price action. In so doing, it should give a trader a better feel for how to trade certain markets. We often talk about the major moving averages of 50,...
The EUR traded relatively flat yesterday against the U.S. Dollar, but it continued to trade low against the British Pound, the EUR/GBP pair is currently trading at 0.8365, after crossing below 0.8400, and reaching as low as...
