Crude continues to fluctuate around resistance for the rising wedge shown in our report yesterday while managing to stabilize below it. The stochastic is heading to the downside as the RSI is showing clear overbought signs; thus,...
Despite enthusiasm over the start of earnings season markets paired gains yesterday. Retails Sales in the U.S. came in lower than expected for the second consecutive month. Investors responded by sending equities lower. In the currency markets...
EUR/USD Open 1.2740 High 1.2773 Low 1.2681 Close 1.2742 On Wednesday Euro/Dollar traded quietly and within a nearly 100 pips range. The European currency appreciated from 1.2681 to 1.2773 yesterday, matching the weak Interbank sentiment projection, at...
Market Review – 14/07/2010 21:55 GMTDollar falls against yen after dovish FOMC minutes, euro rises to a fresh 2-month high Although the greenback rose initially against the Japanese yen on bullish market sentiment after U.S. computer chip...
EURUSDThe pair is trading within a narrow sideway range since this morning while negative momentum is still appearing on the four-hour chart below. There is no mentionable change and therefore morning expectations will remain intact if we do...
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...
