The EUR proved on Wednesday that it can still produce gains versus the USD, but it also proved that it remains vulnerable. The economic data released from Europe yesterday did little to strengthen sentiment among those backing...
The Sterling traded largely in range against the USD on Wednesday. Data released from the BBA Mortgage Approvals proved negative with a number of 35.7k, below the estimate of 37.6k. The U.K. continues to publish mixed data...
The JPY and USD pair danced again within a tight consolidated pattern as investors refused to shake off the safe haven status that both currencies enjoy. The JPY continues to find strength as questions and fears resonate...
The daily chart above shows how trading for the pair has been constructed within the ends of a bullish “Falling Wedge” pattern; the pair is approaching its resistance at 1.6800 though by assessing momentum indicators we can...
ForexPros Daily Analysis May 27, 2010 Fundamental Analysis: Chicago PMI Traders of the US anticipate the publication of the Chicago PMI. The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region.Any...
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GBP/USD Open 1.4381 High 1.4535 Low 1.4337 Close 1.4386Pound/Dollar traded hesitantly on Wednesday, in converse with negative Interbank sentiment at nearly -59%. The Cable was moving within the narrow 1.4337 – 1.4448 range, closing the day at...
GBPUSD: The Pound has begun to consolidate at 1.44. Notice the last several down candles have all had long lower wicks. The implication is that Sellers are forcing price down but there are enough buyers in the...
Crude Oil Crude succeeded in achieving yesterday’s suggested scenario breaching the neckline at 70.95 and continued to steadily trade within the current ascending channel shown above…..
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly, but main support had descended to 1.2150 maintaining a strong stance in front of achieving more downside movement. Currently accompanying it would be positive signs appearing on Stochastic that...
