Wave count on larger timeframes shows that this currency pair is standing in a correction to daily wave 130.80-137.75 (colored royal blue). The targets of the longer term wave are Fibonacci retracement points of
ForexPros Daily Analysis August 09, 2010 Fundamental Analysis: Nonfarm Productivity The Nonfarm Productivity measures the annualized change in the averageproductivity level of US workers when producing goods and services,excluding the farming sector. The Nonfarm Productivity is calculated...
Crude moved to the upside to touch 81.75, representing the previously breached support level that has currently turned into resistance. Stochastic has started to gradually lose its bullish momentum and crude will resume its bearish trend that...
EURUSDThe pair is trading within a narrow range since this morning with a bearish bias due to the negative effect of momentum indicators. Our expectations remain intact, represented by the weekly report as we await the pair...
The USD lost ground to the EUR again on Friday as the jobless data from the U.S. showed that not all is well with the American economy.
European releases on Friday were light and today only the Sentix Investor Confidence reading will be released for the continent.
The Sterling has continued to maintain its gains made the past few weeks and is giving traders an opportunity to test its strong range.
The JPY finds itself at nearly fifteen year highs against the USD as traders continue to flock into the Japanese currency.
The Dollar tumbled to an eight-month low against the Yen and dropped versus the Euro after data showed the U.S lost twice as many jobs in July as expected, fueling concerns that the Federal Reserve may need...
After the index temporarily breached the medium term bullishness for a downside correction, the index settled for 38.2% correction for the entire upside wave that started from 3441 towards 5797. Trading reversed once again to the upside...
