As this week begins, the major question in the market is whether the U.S. dollar will drop further, or can it erase last week’s losses? The dollar weakened on all fronts last week, following a series of...
EURUSD The pair was able to insure a breach of the neckline at 1.2470 to activate the bullish technical pattern shown in our previous reports, where it succeeded in surpassing resistance for the main bearish channel shown...
Crude stabilized trading below support for the key ascending channel after insuring the breach of the neckline for the bullish technical pattern, shown below. We still see that there are bearish targets for this pattern that have...
EUR/USD Open 1.2553 High 1.2603 Low 1.2485 Close 1.2552 On Friday Euro/Dollar climbed further. The European currency rose from 1.2485 to 1.2603, in line the Interbank sentiment projection, at nearly +7%, closing the week at 1.2552.
Market Review – 02/07/2010 22:01 GMTDollar falls against euro on weak U.S. jobs dataThe U.S. dollar fell versus the single currency on Friday after a report showed U.S. payrolls shed jobs for the first time this year,...
According to wave count this currency pair is now developing wave C of the intermediate downtrend (colored royal blue on the chart). However on smaller timeframes we have a correction within this wave C. The targets of...
The USD lost ground to both the EUR and GBP on Thursday in a broad market place that is showing signs of unrest. The weekly Unemployment Claims yesterday were negative, along with the Pending Home Sales and...
The EUR gained on Thursday against the USD and the question that must be asked – is why? Only Final Manufacturing PMI data was released yesterday and it proved lackluster.
The Sterling was able to regain its lost ground on Thursday overcoming a pair of rather lackluster sessions. Manufacturing PMI was released yesterday and it came in slightly below expectations and under the previous month’s result.
The JPY remained at the upper reaches of its strong move against the USD on Thursday. Asian bourses continued to trade in negative ranges as equities internationally found a tough path.
