Crude stabilized below the pivotal resistance of 74.15 achieving a closing below it, alongside the bearish channel that controls the short term bearish wave that has started from the recorded top of 82.95.
The Sterling continued to find a tough path on Monday as it lost more ground to the USD. There was no major economic data from the U.K. yesterday and today the BBA Mortgage Approvals are only coming...
Asian bourses continued to struggle mirroring their global counterparts as negative sentiment held sway. The JPY continues to foster gains versus the USD in what has become an ever increasing risk adverse move.
EURUSDThe pair was able to achieve the suggested bearish scenario yesterday as it neared the initial key target around 1.2570, but managed to currently push for some bullish correction due to the positive signs which are appearing...
A consensus seems to be forming that risk aversion is returning to the market. Despite the sporadic release of positive data in various parts of the world, the overall trend appears to indicate a slow-down in recovery...
Market Review – 23/08/2010 22:48 GMTEuro weakens on worries over eurozone economy The single currency fell against dollar and the Japanese yen on Monday as investors worried over the strength of economic recovery in eurozone.
The US dollar is declining on Monday though by far it is partially maintaining positions, gained last week, when the fears about the economic stance made the traders invest in the most liquid currency of the world.
ForexPros Daily Analysis August 23, 2010 Fundamental Analysis: Existing Home Sales The Existing Home Sales measures the annualized number of existingresidential buildings that were sold during the previous month. This reporthelps to analyze the strength of the...
With little in the way of data and only existing sentiment to trade on the USD moved to the stronger realms of its value on Friday against the EUR and GBP. Wall Street continued to turn in...
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...
