Crude touched the awaited resistance level at 77.00 as it starts to achieve some downside movement. The stochastic also has started its bearish trend, thus supporting morning expectations. We still expect a bearish trend over an intraday basis...
ForexPros Daily Analysis July 14, 2010 Fundamental Analysis: Initial Jobless Claims 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 week....
As for the EUR/JPY pair, we continue to observe development of the uprising cycle from July 1. For now, we do not see any initial conditions for a decreasing tendency; therefore, we consider downward motion as a...
As we mentioned in our previous report on June 11, the bearish formation has been completed and the index breached its neckline and head to the downside. Nonetheless, this pattern failed to preserve the downside movement after...
GBP/USD Open 1.5188 High 1.5257 Low 1.4967 Close 1.5175 After starting with slight decrease, on Tuesday Pound/Dollar climbed significantly, not exactly in line with the weak Interbank sentiment at around +7%. The Cable at first descended to...
The USD got roughed up by the EUR and GBP on Tuesday as risk appetite thundered back into the marketplace at least for a day. Wall Street improved as investors greeted the morning with the positive quarterly...
The EUR gained significantly enough on Tuesday to put itself at the strongest points of its short term range against the USD. This occurred even as the German ZEW Economic Sentiment reading proved more disappointing than anticipated...
The Sterling was able to recapture its gains on Tuesday as global investors helped spur on GBP trading. Taking cues from other bourses, the FTSE gains mirrored its counterparts. Data from the U.K. proved stable with slightly...
The JPY continued to move in a consolidated fashion against the USD. Asian bourses did gain for the most part as equities followed their global counterparts. Gold did push upwards yesterday as the USD lost ground to...
Crude strongly pushed upwards yesterday due to the positivity of momentum indicators that are currently losing bullish momentum after reaching the breached retest level for the bullish channel shown below. Signs of a rising wedge pattern are...
