EUR USD In Depth
After the sharp decline that took the euro below 1.19 areas, the pair is reversing to the upside in correction powered by positive momentum signals. The current incline takes the pair to retest the previously breach critical...
Category: Daily Forex Reports
Market Volatility and Indirection
The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...
GBP/USD 1.4579 – 10 June 2010
GBP/USD Open 1.4543 High 1.4618 Low 1.4398 Close 1.4530On Wednesday Pound/Dollar resumed climbing, in converse with negative Interbank sentiment at around -46%. The Cable appreciated from 1.4398 to 1.4605, closing the day at 1.4530.
Euro Reverses Slight Gains Made Yesterday
After a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S.
Crude Oil Morning Report 10/ June /2010
Crude respected the suggested scenario yesterday; acquiring targeting with the breach of the resistance for the downside channel, affected by the bullish pattern explained yesterday, which still has upside targets to be reached.
Major Currencies’ Morning Report 10/6/2010
EURUSD The pair rushed to the upside breaching 1.1990, trading in the channel shown above, and also extending the upside move towards 61.8% at 1.2150, which meets the resistance for the downside channel.
EUR/USD 1.2030 – 10 June 2010
EUR/USD Open 1.1989 High 1.2071 Low 1.1926 Close 1.1980On Wednesday Euro/Dollar traded rose sharply as expected. The European currency appreciated from 1.1926 to 1.2071 yesterday, in converse with the Interbank sentiment projection, at around -16%, closing the...
Daily Market Outlook by AceTrader
Market Review – 09/06/2010 21:25 GMTEuro pares early gains after U.S. stocks retreatAlthough the single currency moved narrowly in Asia, euro rose sharply in Europe on short-covering after triggering stops above previous day’s high of 1.2010 and...
Crude Oil Midday Report 09/6/2010
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,...
Major Currencies’ Midday Report 09/6/2010
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...