Category: Daily Forex Reports

Crude yesterday descended towards the awaited levels around 71.40 rebounding to the upside to form a bearish technical wedge that has breached its resistance level.

A downgrade of Ireland’s sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. The Standard & Poor’s Ratings Services downgraded Ireland’s credit rating late Tuesday on concerns about the...

Market Review – 24/08/2010 22:48 GMTJapanese yen surges to 15-year high versus dollar on risk aversion and weak US home sales data The Japanese yen rose to the highest level against the dollar in 15 years on...

Updating our technical overview for the previous published report of August 12, we see how the index succeeded in achieving the completing steps for the bearish pattern. Not only that, but also it breached the neckline followed...

Wave count on hourly TF shows that this currency pair is developing a strong med term downtrend. All the waves and subwaves are impulses.

ForexPros Daily Analysis August 24, 2010 Fundamental Analysis: Core Durable Goods Orders The Core Durable Goods Orders measures the change in the total value of neworders for durable goods, excluding transportation.Because aircraft orders are very volatile, the...

Continuing its strong run under a haze of nervous trading in equities the USD propelled to higher values against the EUR and GBP. The greenback is starting to approach its spring time values against both the currencies...

The EUR has taken more hits and now finds itself under the suspicious gaze of investors who are questioning its overall health. While the Sovereign Debt saga has been put to bed, it has shown signs of...

Crude stabilized below the pivotal resistance of  74.15 achieving a closing below it, alongside the bearish channel that controls the short term bearish wave that has started from the  recorded top of 82.95. 

The Sterling continued to find a tough path on Monday as it lost more ground to the USD. There was no major economic data from the U.K. yesterday and today the BBA Mortgage Approvals are only coming...