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...
After the downside correction stopped at 38.2% Fibonacci correction which started following the breach of the medium term’s ascending channel. The index rushed in an attempt to return to the bullishness yet was restricted by the 100...
The USD turned in a fairly stable day taking into consideration that Wall Street tumbled on bad data. The day was highlighted by a bad Philly Fed Manufacturing Index outcome of minus -7.7 compared to the forecasted...
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
The Dollar advanced against most of its major counterparts Thursday as unexpectedly weak U.S. employment and manufacturing data weighed on stocks and other riskier assets, prompting investors to seek the relative safety of the greenback and Japanese...
ForexPros Daily Analysis August 19, 2010 Fundamental Analysis: Core CPI The Core Consumer Price Index (CPI) measures the changes in the price ofgoods and services excluding food and energy. The CPI measures price changefrom the perspective of...
After breaching the support for the support rising wedge shown below, the index rose slightly to retest the breach but was faced by the 100 MA which is strong resistance over short term basis, confirming the breach...
EURUSDThe pair was able to breach 1.2830 and stabilize below it and thereby activating yesterday’s suggested bearish direction; therefore, we can expect a bearish intraday trend targeting first the breach of the vital support for the short term...
Crude was able to achieve the initial awaited target at 74.20 and rebound to the upside sharply to retest the previously breached pivotal level at 75.80, accompanied by stochastic entering overbought areas. This makes usexpect to resume...
The USD bounced back in value on Wednesday as the broad markets remained cautious particularly without much economic data on the calendar. The greenback pushed the EUR and GBP back to lower realms and is now near...
