EUR – Stress Test Rumors Swirl
The EUR lost some ground to the USD on Tuesday, but it did not happen with any great force. There was little in the way of economic data from the E.U. yesterday except for the German PPI...
Category: Daily Forex Reports
GBP – MCP Today, Retail Sales Tmrw
The Bank of England will release the MPC Meeting Minutes today, but no great surprises are expected. The Sterling has found calm waters the past two days of trading as it has essentially range traded. The U.K....
JPY – Talk Of Intervention But…
The JPY continues to trade in a strong manner, but did give some of its gains back to the USD later on Tuesday. Nervous bourses throughout Asia have created a rather palpable run to the perceived safe...
USD/JPY 87.12 – 21 July 2010
USD/JPY Open 87.27 High 87.57 Low 86.69 Close 87.48 Dollar/Yen continued the upward adjustment on Tuesday, in line with the positive Interbank sentiment at nearly +1%. The currency couple appreciated from 86.69 to 87.57 yesterday, closing the...
Forex Analysis – GBPUSD – 21st July
Trend Direction: Bullish Trend Reversal Level: 1.4940 Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
Forexpros.com Daily Analysis – 21/07/2010
ForexPros Daily Analysis July 21, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given...
Silver in Depth
The last short term upside wave which started after reaching the support for the medium term trend at 14.63 ended at the recorded top of 19.80, from where silver started a downside correction as seen on the...
GBP/USD 1.5289 – 21 July 2010
GBP/USD Open 1.5284 High 1.5307 Low 1.5153 Close 1.5268 After another unsuccessful upward push up, on Tuesday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5307 to...
AUD/USD Elliott wave count and Fibonacci levels, July 21, 2010
According to wave count this currency pair is now developing potential wave C of the intermediate uptrend. The wave will be confirmed if 0.8870 is broken to the upside
Major Currencies’ Morning Report 21/ July /2010
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...