The retest level previously shown stood around 75.75 to push crude strongly to the upside heading towards resistance for the main bullish channel at 81.70 with some expected bearish correction, due to the negativity on momentum indicators....
EUR/USD Open 1.2378 High 1.2396 Low 1.2267 Close 1.2364After partial downward correction, as expected, on Friday Euro/Dollar recorded insignificant further recovering. The European currency first dropped to 1.2267, from where it appreciated up to 1.2388 on Friday,...
Update Time: 25 Jun 2010 17:37GMT DAILY AUD/JPY CROSS OUTLOOK – +78.20+ A$’s rebound fm intra-day low of 77.01 suggestsdecline fm 80.86 has formed a temp. low there n up-side bias is seen for retrace. to 78.28.Buy...
Market Review – 25/06/2010 21:39 GMTEuro rebounds strongly as U.S. stocks and commodities advanceEuro pared its initial losses and rose on Friday as gains in U.S. stocks and crude oil boosted risk appetite while commodity-linked currencies also...
Crude is trading within a narrow range since this morning while showing pivotal support which is awaited to be breached 75.75 as it maintains its stance in front of crude’s attempts at descending. The stochastic is still...
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
USD/JPY Open 89.61 High 89.97 Low 89.23 Close 89.62On Thursday Dollar/Yen continued decreasing, in line with the Interbank sentiment at around -65%. The currency couple depreciated from 89.97 to 89.23 yesterday, closing the day at 89.62.
This week has thus far produced cautious moves within the currencies as the USD has basically stagnated against the majors as investors have proven a nervous bunch. Data from the United States continues to backpedal and show...
The EUR has found itself in stagnant territory much of this week, reflecting the general sentiment which surrounds the E.U. economic environment. Data from the E.U. continues to highlight poor outcomes.
The Sterling has done better this week with a backdrop of strong austerity measures being sought by the U.K. government. There will be no major economic data today from England, but it will be the sentiment perhaps...
