EUR – Germany & Others Saga Continues
The German GDP was released yesterday and it met its expectation head on with a gain of 2.2%. The EUR lost further ground to the USD Tuesday, but it accomplished this at a slower pace than the...
Category: Daily Forex Reports
GBP – Awaiting Friday’s Revised GDP
The Sterling found some stability on Tuesday and this occurred even as the BBA Mortgage Approval numbers disappointed investors with a figure of 33.7k, which was well below the estimate and the previous month’s outcome.
JPY & AUD – Bank Of Japan Speaks Again
The BoJ entered the fray once again saying that it stands ready to act if the JPY continues to get stronger against the USD. It also went out of its way to warn ‘speculators’ that they should...
Major Currencies’ Morning Report 25/ August /2010
EURUSDThe pair pushed to correct the bearish wave mildly, according to the suggested scenario in yesterday’s reports and returned to negatively pressure it to resume trading within the current bearish trend. We notice that momentum indicators have...
Crude Oil Morning Report 25/ August /2010
Crude yesterday descended towards the awaited levels around 71.40 rebounding to the upside to form a bearish technical wedge that has breached its resistance level.
Ireland Downgrade Shakes Forex Markets
A downgrade of Ireland’s sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. The Standard & Poor’s Ratings Services downgraded Ireland’s credit rating late Tuesday on concerns about the...
Daily Market Outlook by AceTrader-25-8-2010
Market Review – 24/08/2010 22:48 GMTJapanese yen surges to 15-year high versus dollar on risk aversion and weak US home sales data The Japanese yen rose to the highest level against the dollar in 15 years on...
Dow Jones In Depth
Updating our technical overview for the previous published report of August 12, we see how the index succeeded in achieving the completing steps for the bearish pattern. Not only that, but also it breached the neckline followed...
GBP/JPY Elliott wave count and Fibonacci levels, August 24, 2010
Wave count on hourly TF shows that this currency pair is developing a strong med term downtrend. All the waves and subwaves are impulses.
Forexpros Daily Analysis – 24/08/2010
ForexPros Daily Analysis August 24, 2010 Fundamental Analysis: Core Durable Goods Orders The Core Durable Goods Orders measures the change in the total value of neworders for durable goods, excluding transportation.Because aircraft orders are very volatile, the...