EUR – Is Euro Trading Looking Up?
The EUR traded in a stable manner on Tuesday refusing to give up any of its gains made previously against the USD. Range trading was largely the result for the Single Currency in rather tentative markets.
Category: Daily Forex Reports
GBP – Sterling Still Gaining Ground
The Sterling continued to outperform on Tuesday as it gained solidly against the USD. The CBI Realized Sales reading produced a report that far exceeded expectations yesterday with an outcome of 33, beating the forecast of 2...
JPY – Risk Appetite Shows Signs of Increasing
The JPY lost ground to the USD on Tuesday as risk appetite showed signs of increasing within Asian bourses. The Asian economies continue to be the subject of intense discussions regarding their long term prospects particularly when...
GBP CHF in Depth
Studying the daily chart for the pair, we can see that it managed to breach resistance of the bearish short-term trend at 1.6440 and succeeded in retesting it in many occasions, while it is going to the...
Major Currencies’ Morning Report 28/ July /2010
EURUSDThe pair is finding a hard time surpassing the pivotal resistance of 1.2990, fluctuating below this level and above resistance for the previously breached bullish channel. This fluctuation has helped the pair to gain bullish momentum that we...
Crude Oil Morning Report 28/ July /2010
Crude managed to achieve a strong breach of support for the sideway range 78.50 surpassing the awaited key target at 77.35, breaching support for the short term bullish channel and stabilized below it. Momentum indicators are showing...
Breakouts as Dollar Falters
GBPUSD: The GBP has now broken free of the prior high and has converged on the 200 day moving average. The GBP has not traded above the 200 day MA since late January. A close above the...
Dollar Recovers after Consumer Confidence Report
The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors’ appetite...
EUR/USD 1.2988 – 28 July 2010
EUR/USD Open 1.2988 High 1.3043 Low 1.2954 Close 1.2992 On Tuesday the Euro/Dollar traded hesitantly and within a range. The European currency depreciated from 1.3043 to 1.2954 yesterday, almost matching the neutral Interbank sentiment projection, at around...
Daily Market Outlook by AceTrader
Market Review – 27/07/2010 22:10 GMTEuro pares gains on a drop in U.S. consumer confidence Although the single currency rose above Monday’s NY high of 1.3006 and climbed to 1.3022 in European morning, euro then retreated from...