Crude succeeded in breaching the resistance at 72.45 and heading to the upside, according to the suggested morning scenario. From here, our expectations remain intact keeping in mind that resistance for the descending channel currently descended towards 73.55,...
EURUSD The pair neared the awaited retest level that has currently descended towards 1.1990, where our morning expectations remain intact; while keeping in mind that a four-hour closing above the mentioned level wil l trigger a bullish...
ForexPros Daily Analysis June 9, 2010 Fundamental Analysis: ECB Press Conference European traders await the ECB Press Conference on June 10. European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate...
USD/JPY Open 91.48 High 91.88 Low 90.95 Close 91.33On Tuesday Dollar/Yen made a slight decline, in line with the Interbank sentiment at around -57%. The currency couple depreciated from 91.88 to 90.95 yesterday, closing the day at...
The pair recently retested the breached neckline for a bearish pattern explained in previous reports provided on the daily chart above. After the retest, the pair declined as expected though currently reached the 38.2% correction for the...
The currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push...
The EUR managed to trade in range on Tuesday as investors cautiously moved in what are still nervous circumstances. German Industrial Production data was released and turned in a slightly positive outcome, but as mentioned yesterday the...
The Sterling, like its counterparts, found itself mired in a rather tight range on Tuesday. The U.K. will release its Trade Balance statistics today, but the likely focus of investors will be on comments coming from the...
The JPY and USD pair proved that in times of crisis that they can turn in a song and dance routine that becomes rather well practiced. The currency pair moved in a consolidated manner as Asian bourses...
GBP/USD Open 1.4461 High 1.4526 Low 1.4352 Close 1.4469On Tuesday Pound/Dollar decreased with around 170 pips, in line with negative Interbank sentiment at around -46%. The Cable depreciated from 1.4526 to 1.4352, closing the day at 1.4469....
