USD – Housing Sector Data This Week
The USD found a slew of backers as the week ended on risk adverse trading. Investors taking a defensive posture continued to pick up steam as the weekend approached due to rather lackluster Retail Sales.
Category: Daily Forex Reports
EUR – Sluggish Growth Prospects & Austerity
The EUR continued to decline against the USD as the Single Currency ran into questions concerning any repercussions that could come about from double dip recessions if they were to come about.
GBP – Sterling Decline In Focus
The Sterling had a poor week against the USD, but still finds itself within a relatively good value range versus the greenback. The GBP did take a hit as poor economic data from the U.K. sent a...
JPY & AUD – Poor GDP Results From Japan
The JPY range traded going into the weekend as it maintained it rather high values. Early this morning the Japanese GDP reports were released and proved disappointing with a result of 0.1% compared to the estimated gain...
Major Currencies’ weekly Report 16/ August /2010
EURUSDThe pair succeeded at achieving a sharp descend, where it has halted at pivotal support 1.2730 that represents the suggested neckline for the bearish technical pattern, which could help resume more bearish movement on the short run....
Will The Dollar Rally Last?
EURUSD: For the first time since the EUR rally began in early June, the EUR has fallen hard through trend line Support. We know that major Resistance sat at 1.30, however, when the EUR fell through trend...
Crude Oil weekly Report 16/ August /2010
Crude continues its descend last week halting at $75.00 per barrel, where it has currently rebounded to the upside due to positive signs on momentum indicators appearing clearly through the four hour chart.
Signs of Slowdown in Global Economic Recovery Supports the Dollar
The U.S. dollar corrected looses against most of the major currencies during last week’s session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned investors to look...
Palladium in Depth
The metal departed the short term descending channel after breaching its resistance yesterday at 468.00; as well it managed to breach the 20 MA to start an upside correction seen on the daily chart below.
Crude Oil Morning Report 13/ August /2010
Crude succeeded in achieving yesterday’s suggested bearish direction flawlessly, touching the awaited targets between 75.80 – 75.65 as it’s currently starts a bullish correction due to the clear oversold signs appearing through momentum indicators.