The Sterling got crunched on Wednesday as the Bank of England did little to clearly answer the concerns regarding the U.K. economy. Along with risk appetite taking a hit from the lackluster sentiment coming from the U.S...
The JPY continued to be the domain of risk adverse trading on Wednesday as Japanese Treasuries found hungry investors as the Nikkei went into decline. The JPY is trading near the highest marks of its value.
EURUSDThe pair has sharply descended since yesterday touching 61.8% Fibonacci correction around 1.2830 and rebound to the upside calmly, due to the positive effect of momentum indicators. We expect a breach of the previous bullish channel that...
Crude succeeded in breaching the awaited support for the ascending channel pointed out in our reports yesterday, where the bearish trend has halted at 50% Fibonacci correction for the bullish short term wave that has stabilized within...
EURUSD: After struggling to cross major Resistance at 1.30, the EUR after a week and half retreated back below 1.30. The EUR will look to find Support at the 100 day MA. However, a solid close below...
Fears about global growth prospects fueled strong gains by the USD and JPY against most of their counterparts as investors turned to safe haven currencies following a stream of negative economic data from the U.S, China and...
Market Review – 11/08/2010 22:07 GMTEuro tumbles on worries about global economic growthThe single currency tanked against dollar on Wednesday, as stock markets tumbled on worries about global economic recovery, prompting investors to buy safe-haven assets.
ForexPros Daily Analysis August 11, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number ofpeople who file for unemployment benefits for the first time during thegiven week. This...
The USD continued to trend slightly stronger versus the EUR and GBP on Tuesday as the marketplace became cautious across the board. Market participants largely waited for the FOMC to issue its statement late in the day...
The EUR struggled a bit on Tuesday losing some of its ground to the USD. The move can hardly be called earth shattering and the trading of the Single Currency and the greenback remain in a rather...
