The broad markets turned in another complicated day before going into the weekend as the U.S. Non Farm Employment Change turned in a dramatically disappointing figure which showed a gain of only 39k (a far cry from...
While the USD and EUR both are faced with serious questions, the GBP is not far behind when it comes to mixed economic data. Today the BRC Retail Sales Monitor will be published. Tomorrow the U.K. will...
The JPY picked up quick ground on Friday and early trading today, on the heels of the U.S. jobless report as Asian investors have exhibited again a tendency to use the Japanese currency as a safe haven...
Last week’s session ended with a rather disappointing U.S. Non-Farm Payrolls data as payrolls increased by merely 43,000 in November. As a result, the Japanese yen, and commodities such as gold and crude oil, have rallied. The...
Market Review – 03/12/2010 20:34 GMT The greenback tumbles broadly on surprisingly weak U.S. jobs report The dollar dropped sharply against most of its counterparts on Friday as data indicated U.S. non-farm payrolls created far less than...
USDCAD moved sideways in a range between 0.9977 and 1.0378 for several weeks. Now the pair is facing 0.9977 support, below this level will indicate that downtrend has resumed, and the target would be at 0.9700-0.9800 area.
USDCHF dropped sharply from 1.0066. Deeper decline to 0.9600-0.9650 area to reach next cycle bottom on daily chart is expected next week and the next cycle bottom is nearing. As long as 0.9463 key support holds, the...
USDJPY dropped sharply from 84.40, suggesting that a cycle top had been formed on daily chart. Deeper decline to 81.00 area is expected next week. As long as 80.30 key support holds, the fall from 84.40 is...
AUDUSD bounced strongly from 0.9537, suggesting that a cycle bottom had been formed on daily chart. Now the bounce from 0.9537 could possibly be resumption of uptrend from 0.8066. Further rise towards 1.0182 previous high could be...
GBPUSD remains in downtrend from 1.6298, the bounce from 1.5484 is treated as consolidation of downtrend. Resistance is at 1.5900, as long as this level holds, downtrend could be expected to continue. However, a break above 1.5900...
