Key Levels
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
Category: Daily Forex Reports
Major Currencies’ weekly Report 21/ June /2010
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
Crude Oil weekly Report 21/ June /2010
The price continues trading regularly within the bullish channel that will lead crude to ascend after breaching the neckline for the mentioned bullish technical pattern at 75.75.
EUR/USD 1.2419 – 21 June 2010
EUR/USD Open 1.2407 High 1.2460 Low 1.2245 Close 1.2382On Friday Euro/Dollar traded hesitantly and with partial downward correction. The European currency depreciated from 1.2413 to 1.2357 on Friday, in line with the Interbank sentiment projection, at around...
Daily Market Outlook by AceTrader
Market Review – 19/06/2010 01:11 GMTEuro hovers near 3-week high on short-coveringEuro ended Friday’s trading with a biggest weekly gain since May 2009 due to broad-based rebound in global equities and recent worries over European debt crisis...
Crude Oil Midday Report 18/ June /2010
Crude oil succeeded in breaching the mentioned pivotal support from this morning nearing halfway towards the awaited target around 74.55; whereas it is finding a hard time surpassing the most sensitive level towards the intraday s hort...
Major Currencies’ Midday Report 18/ June /2010
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
EUR GBP Depth
The pair continues to trade structurally within the descending channel over medium term basis which started with the breach of the general bullish trend support at 0.9000; and after extending beyond the main correction level of 38.2%...
USD – Bad Data Continues In The States
The USD continued to lose ground to the EUR and GBP on Thursday and this came as Wall Street turned in a rather mixed performance. U.S. data was poor yesterday as weekly Unemployment Claims were worse than...
EUR – With Crisis Still Around EUR Gains
Without any major economic data to speak of from Europe on Thursday the EUR managed to continue its gains against the USD. Economic sentiment from the E.U. like its major counterparts has not taken a sudden turn...