The Bank of England was in the spotlight yesterday as Governor Mervyn King and other members testified. The BoE warned that the risks to the economy remain tangible and that while it agrees on interest rate policy,...
The JPY moved in a consolidated manner versus the USD on Wednesday. This as Asian bourses mirrored their counterparts and struggled following the lackluster data from the States.
According to wave count this currency pair is developing a weekly wave up, which is labeled C (colored silver on the chart).
USDCAD: There is always a period of hightened volatility when a pair trades through the moving averages as it typically triggers position realignments. When a pair remains within the major moving average’s range the volatility extends itself...
Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT...
EUR/USD Open 1.2994 High 1.3038 Low 1.2971 Close 1.2995 On Wednesday the Euro/Dollar continued with the tentative and within a range movements. The European currency depreciated from 1.3038 to 1.2971 yesterday, not exactly matching the neutral Interbank...
Market Review – 28/07/2010 22:52 GMTDollar drops versus yen on weaker-than-expected U.S. durable goods ordersDollar retreated to 87.63 versus the Japanese yen in Asia on Wednesday due to profit-taking after Tuesday’s rally from 86.83 to 87.98 but...
Crude retested levels around 77.75 and reversed to the downside after the MA 50 added additional strength to pivotal resistance levels; therefore, morning expectations will remain intact if we do not witness stability in trading above 77.75.
EURUSDThe pair continues fluctuating around the pivotal resistance of 1.2990 keeping in mind that the stochastic has started to move to the upside. No notable change it witnessed, therefore morning expectations will remain intactas long as the daily...
USD/JPY Open 87.77 High 88.11 Low 86.85 Close 87.87 Dollar/Yen climbed strongly on Tuesday, covering all losses from the previous day and more, in converse with the negative Interbank sentiment at nearly -18%. The currency couple appreciated...
