Category: Daily Forex Reports

The pair halted the downside move from the recorded top at 0.7634 which structured within the descending channel over daily basis, where the pair stopped at the 38.2% correction and rushed form there to the upside breaching...

The EUR continued to lose ground against the USD on Friday as sentiment among investors displayed distinct signs of a ‘flight to quality’. While Germany continues to express the opinion that their growth forecasts are going to...

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...

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 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...

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,...

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...

Rather disappointing data from the USA did not influence the market attitude to the US dollar. On the contrary, an attempt of the euro growth during the Asian and European sessions was compensated by further rate decline...