Market Review – 02/09/2010 22:47 GMTEuro rises due to solid European bond auctions ahead of U.S. non-farm payrolls The single currency strengthened against the greenback on Thursday, as solid results from Spanish and French bond auctions boosted...
ForexPros Daily Analysis September 02, 2010 Euro Dollar For the first time in 11 days the Euro reached 1.28, penetrating the resistance in yesterday’s report 1.2792, declaring that it refuses to give up. However, the rise stopped...
After the index exited the general upside wave in a downside correctional wave, the index continues to fluctuate within the newly established upside channel retesting the breached general support above.
The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI.
EURUSD: The EUR has been consolidating below the 50 day moving average, after breaking below it, 2 weeks ago. It seemed unable to sustain a close above 1.27 and it could not close above it’s 100 day...
The EUR gained yesterday even as Germany released bad Retail Sales numbers. The gain in value by the Single Currency against the greenback on Wednesday may prove to be a short term move on the belief by...
A poor Manufacturing PMI report from the U.K. on Wednesday was enough to help drive the Sterling slightly lower against the USD. Mixed economic data has been the norm from the U.K. for a while now, but...
The JPY continues to battle within the highest points of its value against the USD as the Bank of Japan expresses its desire to have a weaker currency. The problem for Japan is that it has not...
Oil rushed to the upside yesterday in order to retest the subsidiary channel’s support levels that were previously breached, but failed to maintain a daily closing above it. Trading is still leaning towards negativity supported by trading...
EURUSDThe pair assured yesterday the forming of a rising technical pattern that was mentioned in our previous reports, but stopped at the 61.8% Fibonacci levels that is forming into a resistance,
