Market Review – 06/08/2010 21:55 GMTDollar falls broadly against most currencies on disappointing U.S. jobs dataDollar tumbled against most of its counterparts on Friday as release of weak U.S. non-farm payrolls data added speculation that the Federal...
Crude achieved an ascend from this morning where it returned to sharply move to the downside nearing vital support to trade today at 81.55. Momentum indicators are still showing negative signs that support morning expectations; thus, we...
EURUSDThe pair neared the bullish channel that has currently ascended to 1.3150; therefore no change it evident on the suggested morning scenario, as long as stability is above 1.3115 as we await for the release of the US...
On Thursday, the European Single Currency increased slightly against the US dollar following the disappointing US Labor market data.
After the index recorded the top at 88.70 the index reversed lower structurally within the downside channel shown over daily basis above, where this channel is leading the index to breach the downside correctional levels so far...
The USD remained in a faithful range on Thursday setting the path for the always important Non Farm Employment Change numbers today. Trading across the board yesterday proved to be cautious.
EURUSDThe pair is trading near support for the bullish channel which is ascending towards 1.3145, while SMA 50 supports this channel. This support’s stance encourages us to expect a bullish intraday trend; targeting once again pivotal resistance 1.3250 in...
Crude has found strong support around 81.55 and thereby this support will form the neckline for the bearish technical pattern shown in the image below, alongside clear overbought signs appearing on momentum indicators. We expect a bearish intraday trend that will...
Weekly U.S. unemployment numbers sent the dollar lower during U.S. trading hours today as applications for unemployment insurance rose to a three month high. The negative employment data comes prior to today’s release of the all important...
Market Review – 05/08/2010 22:45 GMTDollar weakens against the yen on weak U.S. jobs dataDollar fell against the Japanese yen on Thursday, as disappointing U.S. jobs data added concerns over the speed of U.S. economic recovery.
