The USD finished the week softer against the EUR and GBP. Although Wall Street continues to turn in tentative results the broad market place showed that enough risk appetite exists in order to create a strong debate...
The EUR showed that it had the ability to withstand the rumors that were cascading around the Bank Stress Test and finished the week within the higher realms of its recent range against the USD.
The Sterling finished the week within the stronger parts of its range against the USD. The GBP has had a very good run the past few weeks. The Sterling has gained a considerable amount of value on...
The JPY remains a critical lynchpin and signpost that not all is wine and roses in the broad markets. Investors continue to keep the JPY in the stronger reaches of its range against the USD in what...
EURUSD: The EUR continues to consolidate near the 100 day moving average. The EUR is holding above trend line support, however, analysts remain cautious as a horizontal breach of trend line support is often followed by a...
GBP/USD Open 1.5419 High 1.5500 Low 1.5259 Close 1.5422 On Friday Pound/Dollar sharply rose, in line with the positive Interbank sentiment at nearly +11%, staying within this week’s range. The Cable appreciated from 1.5259 to 1.5439 on...
EURUSDThe pair continues its positive bullish pressure stabilizing trading above 50% and below 61.8% Fibonacci correction, while ongoing signs of a bullish trend appear as its neckline meets with 61.8% at 1.2995 accompanied by positive signs appearing...
Crude was not able to surpass pivotal resistance that is represented in support for the previously breached bullish channel, trading is stuck below this resistance currently at 79.50, above the retest level for the bullish pattern shown...
Market Review – 23/07/2010 22:34 GMTEuro ends mixed in roller-coaster session after European stress-test resultsThe single currency went through a roller-coaster session on Friday, price initially traded calmly in Asia ahead of the much-awaited European stress-test results...
This currency pair is now trading in the flat, limited by 130.80-133.29. The break out of the flat will show the direction of the impulsive wave C of the intermediate trend.
