Momentum, How Far To Ride It?
OIL: After struggling for nearly two months to break above Resistance at 79 and break free of the 100 day MA, Oil seems to be under some downwards pressure once again. On the lower half of the...
Category: Daily Forex Reports
Negative NFP Release Weakens The Dollar Vs. The Majors
Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and...
Crude Oil weekly Report 09/ August /2010
Crude was able to achieve the suggested bearish trend in our last reports as it managed to achieve primary targets around $80.00 per barrel and finds a hard time reaching the retest level at 79.35, due to...
Major Currencies’ weekly Report 09/ August /2010
EURUSDThe pair succeeded is achieving the suggested scenario for last week by trading within the bullish channel shown in the image above. The daily and weekly closing has been achieved above 76.4% Fibonacci correction, previously breached at...
Daily Market Outlook by AceTrader-9-8-2010
Market Review – 06/08/2010 21:55 GMTDollar falls broadly against most currencies on disappointing U.S. jobs dataDollar tumbled against most of its counterparts on Friday as release of weak U.S. non-farm payrolls data added speculation that the Federal...
Crude Oil Midday Report 06/ August /2010
Crude achieved an ascend from this morning where it returned to sharply move to the downside nearing vital support to trade today at 81.55. Momentum indicators are still showing negative signs that support morning expectations; thus, we...
Major Currencies’ Midday Report 06/ August /2010
EURUSDThe pair neared the bullish channel that has currently ascended to 1.3150; therefore no change it evident on the suggested morning scenario, as long as stability is above 1.3115 as we await for the release of the US...
Analytical review of EUR/USD with a forecast for August 6, 2010
On Thursday, the European Single Currency increased slightly against the US dollar following the disappointing US Labor market data.
US Dollar Index in Depth
After the index recorded the top at 88.70 the index reversed lower structurally within the downside channel shown over daily basis above, where this channel is leading the index to breach the downside correctional levels so far...
U.S. Job Creation In Doubt
The USD remained in a faithful range on Thursday setting the path for the always important Non Farm Employment Change numbers today. Trading across the board yesterday proved to be cautious.