Market Review – 30/07/2010 22:11 GMTDollar falls to a fresh eight-month low against yen on concerns over U.S. economic growthThe greenback remained under heavy selling pressure versus the Japanese yen in Asian morning after Thursday’s cross-inspired selloff...
Although often overlooked by some traders, forex trading risk management is extremely important if you want to be a successful trader. Why? Well, as you may know, as the forex market is quite volatile – and there...
USDCAD is forming a triangle pattern on daily chart and is now facing the lower boundary of the pattern. A clear break below the pattern could trigger another fall to 1.0000 area. On the other side, rebound...
USDCHF remains in downtrend from 1.1730 and the fall extended to as low as 1.0361 level. As long as 1.0675 key resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. However,...
After touching the falling trend line on daily chart, USDJPY dropped sharply from 88.11, suggesting that the downtrend from 92.88 has resumed. Deeper decline is expected next week and target is at 84.82 (2009 low). Key resistance...
AUDUSD remains in uptrend from 0.8066. Further rise is still possible next week and next target would be at 0.9200 area. Key support is now at 0.8905, as long as this level holds, uptrend could be expected...
GBPUSD continues its upward movement and the rise from 1.4230 extended to as high as 1.5720. Now the pair has reached the upper border of the price channel, minor consolidation would more likely be seen next week....
EURUSD’s upward movement from 1.1876 extended to as high as 1.3106 level. As long as 1.2732 key support holds, further rise to 1.3300-1.3400 area to reach next cycle top on daily chart is possible. However, a breakdown...
The stock indices dropped according to the trading results on Thursday amid discrepant data.
The USD continued to trade in a rather well defined range on Thursday. The U.S. released weekly Unemployment Claims that came in a little better than expected, but quarterly earnings from corporate America disappointed investors and this...
