Category: Daily Forex Reports

The BoJ failed to prove that it had any bite this weekend and certainly did not come close to saying that it had the power to intervene in the JPY, which continues to prove a magnate for...

Crude continued its negative pressure to breach 76.4% Fibonacci at 74.15 to close last week below it, thus showing strong signs of the bearish trend continuing although positive signs are clearly appearing through momentum indicators and cause...

After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery,...

Market Review – 20/08/2010 21:45 GMTEuro tumbles to a 5-week low on ECB Weber’s dovish comments The single currency sank to a 5-week low against dollar on Friday after ECB Governing Council member Axel Weber, who is...

Rather disappointing data from the USA did not influence the market attitude to the US dollar. On the contrary, an attempt of the euro growth during the Asian and European sessions was compensated by further rate decline...

After the downside correction stopped at 38.2% Fibonacci correction which started following the breach of the medium term’s ascending channel. The index rushed in an attempt to return to the bullishness yet was restricted by the 100...

The USD turned in a fairly stable day taking into consideration that Wall Street tumbled on bad data. The day was highlighted by a bad Philly Fed Manufacturing Index outcome of minus -7.7 compared to the forecasted...