On Wednesday the euro versus the US dollar looked very volatile, though it was not able to show any trend. During the European session EUR/USD hit the maximum around 1.2725 after the level of business confidence in Germany...
ForexPros Daily Analysis August 26, 2010 Euro Dollar The Euro traded violently yesterday, breaking both the support & resistance we specified in yesterday’s report without reaching any of the targets in both cases. These “nervous” moves are...
Silver continues trading within the main ascending channel over medium term basis since the recorded bottom at 8.48 and halted temporarily at the top mid May of 19.80. The temporary stop was for a needed downside correction...
Additional poor data was reported from the U.S. on Wednesday as the New Home Sales completely missed its estimate. The outcome of 276k was far short of the 333k expectation. And troubling to investors was that the...
The German Ifo Business Climate reading provided some positive news for the E.U. on Wednesday with a mark of 106.7, which beat the estimate of 105.8. The EUR did trade in a stable range and managed to...
No major economic data came from the U.K on Wednesday and today only the CBI Realized Sales will be brought forth. Today’s release has an estimate of 23, which is below the previous result of 33. The...
The JPY and AUD both traded in fairly tight ranges on Wednesday. Asian bourses continued to turn in mixed results as fallout from the strong JPY continues to create havoc with Japanese equities, but in turn helps...
Crude continues inclining due affects from the falling wedge shown yesterday, where it nears from resistance for the bearish channel around 73.30 after achieving some descend to retest resistance for the previously breached falling wedge. Momentum indicators are...
EURUSDThe pair continues to fluctuate around resistance for the bearish short term channel until it recently breached this resistance at 1.2695, finally fluctuating to show a bullish technical pattern that is near completion.
USDCAD: We found this chart to be quite interesting. We are using a weekly chart below and what we clearly see is the range the CAD has been trading versus the Greenback. On a daily chart you...
