GBPUSD technical outlook by FxArsenal.com
GBPUSD is currently in a rather short-term upward correction moving in a range of yesterday’s low the level of 1.5359 to Fibonacci retracement the level of 1.5438.
Category: Daily Forex Reports
Forex-Metal Daily Analysis -23 /12/2010
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...
Decreased Oil Inventories Push Crude Oil towards $91.00
A decline in US oil stockpiles by 5.3M barrels led to a steady rise in Crude Oil prices yesterday. As of this morning, the price for a barrel of crude was trading at $90.65. Analysts have forecast...
Daily FX Market Outlook by AceTrader 23-12-2010
Market Review – 22/12/2010 21:21 GMT Euro falls to record low against Swiss franc on European debt worries Euro initially rose to 1.3183 in European morning on Wednesday after Reuters quoted the Jornal de Negocios daily newspaper...
Forex-Metal Daily Analysis -22 /12/2010
Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....
Technical analysis of the USD/CAD for December 22, 2010
On a 4-hour graph the USD/CAD is making a rebound after it failed to break the support level 1.0212. Earlier the USD/CAD rebounded from the support level of 1.0000, which is also a bottom of a wide...
Forexpros.com Daily Analysis – 22/12/2010
ForexPros Daily Analysis December 22, 2010 Euro Dollar: On the daily, the euro has found support at full half way back at 1.30742, but is still technically in a short setup, with a target at 1.27715. On...
USDCAD daily technical outloo by FxArsenal.com
USDCAD formed double top price pattern on a H4 interval chart, which might indicate enduring downward movement. Another factor biasing toward bearish scenario is the fact that pair breached green trend line and is currently testing Fibonacci...
Daily market analysis
USD/CAD:During the last session, a double top appeared on the daily graph at the resistance of 1.0211. Although this resistance is not very strong, but …GBP/JPY: For the last few weeks, the pair is moving aside between...
Concerns Of Another Credit Cut Weakens The Euro Vs. The Dollar
The euro fell once again yesterday, following concerns that Portugal and Greece might face a credit downgrade within the near future. This also had a positive impact on commodities, especially crude oil, which is now trading near...