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.
ForexPros Daily Analysis June 28, 2010 Fundamental Analysis: CB Consumer Confidence Traders of the US anticipate the Consumer Confidence to be published tomorrow June 29. It measures the level of consumer confidence in economic activity. It is...
Gold is still trading within the internal bullish wave over short term basis within the main ascending channel over the medium term. As we mentioned in our previous reports, on June 14, the metal is facing the...
After another GDP report from the United States investors cannot be faulted for scratching their heads and asking if good economic data is going to come anytime soon. The USD traded in a rather flat range against...
The EUR continued to trade in range on Friday as investors seemingly refused to push the currency in any particular direction. Uncertainty remains a focal point for the European Union Sovereign Debt market and questions still remain...
The Sterling has found itself doing better against the USD the past week of trading under the pronouncements by the U.K. government, which insist it will pursue austerity measures. There is little doubt that the GBP remains...
The JPY like the USD remains a magnate for safe haven investors. Asian bourses have turned in tentative and negative results like Wall Street and its effect has made the JPY a favorable avenue. Gold finds itself...
Compared with last week’s action-packed schedule, which included unexpected news of the Chinese Yuan’s move to flexibility, a dramatic UK Budget Release, and a rather dovish U.S Fed Statement, this week has started off on a relatively...
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
After a relatively calm trading week, an extremely volatile session is expected starting today. Last week, the Dollar fell against most of the majors as poor housing data weakened the greenback; however this could all change following...
