ForexPros Daily Analysis August 04, 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 lose ground to the major currencies across the spectrum on Tuesday. Data from the States produced another lackluster day and will likely set the tone for a rather cautious approach going into the...
On little economic data from the E.U. the EUR continued to effectively trade to the stronger part of its month long trend. Today the Final Services PMI will be released and is anticipated to have a mark...
The Sterling gained again on Tuesday as traders continued to back the GBP even as the Construction PMI left a sour taste. The Construction PMI turned in a reading of 54.1 compared to the estimate of 58.2....
The JPY finds itself at its highs against the USD and traders and the Japanese government are watching its results with interested and concerned eyes, though not likely for the same reason.
After the metal exited the main upside wave in correction for the wave that started from 745.00 towards 1752.50, the correction stopped around 23.6% correction for the upside wave, where the metal start to reflect an upside...
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...
Negative economic data, as well as speculation regarding further monetary easing by the Federal Reserve, pushed the USD to its lowest level since April. Markets await the release of the Non-Farm Payrolls (NFP) data due Friday for...
EURUSDThe pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build...
Crude fluctuated yesterday around resistance for the bullish channel shown below, where it is currently at 82.25 as momentum indicators are showing negative signs that make us expect a bearish intraday direction; initially targeting 81.10 that are moving...
