Can EUR Sustain Thursday’s Rally?
The EUR rallied versus the USD yesterday as U.S equities surged and China denied reports it is contemplating a reduction in its European bond holdings. But can the EUR maintain its gains heading to next week?
Category: Daily Forex Reports
Crude Oil Morning Report 28/5/2010
Crude continues to push upwards while forming a bullish technical pattern this time after halting at the top level recorded yesterday at 75.35, which represents the neckline for the suggested new bullish technical pattern.
Major Currencies’ Morning Report 28/5/2010
EURUSD The pair almost managed to achieve the key awaited target from yesterday at 1.2420, but support levels have halted this ascend – 38.2% Fibonacci and the minor ascending channel in addition to the MA 50 accompanied...
EUR/USD 1.2291 – 28 May 2010
EUR/USD Open 1.2340 High 1.2394 Low 1.2153 Close 1.2359After slowing down, the bearish trend weakened, and the Euro showed first signs of recovery on Thursday. Euro/Dollar appreciated from 1.2153 to 1.2394 yesterday, in converse with the Interbank...
Daily Market Outlook by Acetrader
Market Review – 27/05/2010 21:33Euro surges broadly on short-covering after China’s denialEuro rose sharply across the board on Thursday as investors’ worry was eased after China and Kuwait refuted media reports that they would reduce their holdings...
Oil Midday Report 27/5/2010
Crude pushed upwards to touch the awaited main target at 73.45 that has formed strong resistance in front of the current crude price due to negative signs that are appearing through momentum indicators. These factors bring up...
Major Currencies’ Midday Report 27/5/2010
EURUSD The pair managed to breach the morning pivotal resistance at 1.2290. Stochastic is showing positive signs that support the suggested scenario, therefore our expectations remain valid as far as 1.2150 remains intact.
USD/JPY 90.25 – 27 May 2010
USD/JPY Open 89.96 High 90.64 Low 89.82 Close 89.90Dollar/Yen traded neutrally on Wednesday, in converse the Interbank sentiment at around -33%, than recorded recovery. The currency couple slightly depreciated from 90.64 to 89.82 yesterday, closing the day...
EUR/USD technical analysis and trading recommendations for May 27
Overview:As it was expected, a sell signal targeted to 1,1716 had formed. For the moment the signal is confirmed and solid as the price has managed to fixate below the Ishimoku cloud and the Chinkou span is...
USD – Prelim GDP Could Grab Headlines
The USD experienced a wide trading pattern on Wednesday as it started the day in a weaker mode, but finished on the stronger side of its range. Caution was again the byword surrounding investors who clearly remain...