GBP – All Quiet Until The GDP?
The Sterling has been put on its heels the past couple of weeks on risk adverse trading. It may prove to be a rather light week for data for the GBP up until the Revised GDP numbers...
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JPY & AUD – Uncertainty In Australia
The BoJ failed to prove that it had any bite this weekend and certainly did not come close to saying that it had the power to intervene in the JPY, which continues to prove a magnate for...
Crude Oil weekly Report 23/ August /2010
Crude continued its negative pressure to breach 76.4% Fibonacci at 74.15 to close last week below it, thus showing strong signs of the bearish trend continuing although positive signs are clearly appearing through momentum indicators and cause...
Major Currencies’ weekly Report 23/ August /2010
EURUSDThe pair was able to complete forming the expected bearish technical pattern in our last reports, achieving the daily and weekly closing below the breached neckline at 1.2730; therefore, making us to expect a bearish direction for this...
The Picture Can Change When Price Intercepts A Moving Average Cross
EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
Dollar and Yen Strengthen As a New Trading Week Begins
After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery,...
Daily Market Outlook by AceTrader-23-8-2010
Market Review – 20/08/2010 21:45 GMTEuro tumbles to a 5-week low on ECB Weber’s dovish comments The single currency sank to a 5-week low against dollar on Friday after ECB Governing Council member Axel Weber, who is...
USDCAD Analysis – August 21, 2010
USDCAD continues its upward movement and the rise from 1.0107 extends to as high as 1.0513. Further rise is still possible next week and next target would be at 1.0676 resistance. Support is now at the uptrend...
USDCHF Analysis – August 21, 2010
USDCHF broke below 1.0331 support and the fall from 1.1730 extends to as low as 1.0257. As long as 1.0675 key resistance holds, further decline is still possible and next target would be at 1.0200 area, only...
USDJPY Analysis – August 21, 2010
USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following...