The end of the month brought a volatile trading day as US GDP and weekly unemployment numbers were released. Irish Banking woes continue to weigh on the markets but failed to slow a strong month for equities.
Crude inclined as expected yesterday and currently consolidating above 80.00 areas. We have mixed signals on the chart above, where crude breached the 76.4% Fibonacci correction and approaching the resistance for the ascending channel structuring the current...
01 Oct Daily Analysis on FXClick to view larger image:
As wave count shows this currency pair is trading in daily corrective downwave B – colored royal blue on the chart. Within this wave there’s a set of 3 subwaves – colored magenta – with wave still...
The greenback drops against the major currencies. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3565-$1,3600. Market participants are waiting for the release of the German unemployment change data tomorrow. The...
ForexPros Daily Analysis September 30, 2010 Euro Dollar The Euro broke the resistance specified in yesterday’s report 1.3589,only to stop on the middle if the road between this level and our suggested target of 1.3690, topping at...
The index is trading an ascending channel since mid year which represents the medium term bullish trend. Yet, since rebounding from the channel’s support on August 25, the index did not surpass the middle line for the...
The US dollar reached its lowest level against the euro in five months Wednesday, as investors anticipated a Federal Reserve move to boost the ailing economy by renewing spending policies.
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
Crude succeeded in achieving yesterday’s suggested scenario flawlessly, where it is currently showing a bearish reversal due to the negativity of momentum indicators; therefore, making us expect some bearish correction that could build a base on 76.80...
