The U.S. dollar corrected looses against most of the major currencies during last week’s session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned investors to look...
The metal departed the short term descending channel after breaching its resistance yesterday at 468.00; as well it managed to breach the 20 MA to start an upside correction seen on the daily chart below.
Crude succeeded in achieving yesterday’s suggested bearish direction flawlessly, touching the awaited targets between 75.80 – 75.65 as it’s currently starts a bullish correction due to the clear oversold signs appearing through momentum indicators.
EURUSDThe pair is finding difficulty in breaching 1.2830 the pivotal support from the positivity of momentum indicators that have started to gradually lose bullish momentum, thereby pointing to near chances of resuming more negative pressure on the...
Market Review – 12/08/2010 22:02 GMTDollar strengthens against yen as Japanese officials show concerns over yen’s gainDollar rose versus the Japanese yen on Thursday, as Japanese Prime Minister Naoto Kan and other officials expressed concerns over yen’s...
According to wave count this currency is moving within corrective daily wave B. Until 130.80 is broken, this wave will remain corrective. The targets of this wave are Fibonacci retracements of 130.80-137.75, and expansions off 137.75-135.46-136.97, 136.97-135.02-135.72:
ForexPros Daily Analysis August 12, 2010 Fundamental Analysis: CPI The Consumer Price Index (CPI) measures the changes in the price of goodsand services. The CPI measures price change from the perspective of theconsumer.
Over four-hour basis we can see a rising wedge formation which has influenced trading recently, where the index beached the support yesterday after a successful retest to the previously breached support at 10580 which turned into resistance.
Wednesday proved that risk appetite clearly can be taken off the table quickly. The USD gained versus the EUR and GBP, as its stable performance the past couple of days grew into strong momentum.
The EUR had one of its worst days in a while on Wednesday as it found itself under a risk adverse cloud. There was little in the way of data from Europe yesterday and safe haven trading...
