USDCAD: The CAD had finally crossed below important Resistance at the 100 day moving average. In addition, the 50 day moving average just crossed back below the 200 day MA providing extra momentum for price appreciation. Yesterday’s...
By the end of Wednesday the USD began to recover some of its lost value against the EUR and GBP. The day will not be remembered as a volatile one, but the greenback did bounce back proving...
The EUR lost ground to the USD on Wednesday and this came about without little in the way of data from Europe. The Final Services PMI was released yesterday and it did come in with a slightly...
The Sterling lost some of its value on Wednesday, but this came after very strong gains early in the week and before. The Halifax HPI did better than anticipated with an outcome of 0.6% compared to the...
The Japanese Finance Minister made a statement saying that the strength of the JPY posed a problem for the Japanese economy. However, this is not exactly intervention and investors have seen that while the Japanese government on...
The US Weekly Unemployment Claims is the primary publication today and will likely determine the level of the USD when it is released at 12:30 GMT.
Crude continued fluctuating around resistance for the bullish channel without being able to stabilize above it – currently at 82.65 -; thus, maintaining yesterday’s suggested scenario due to support from negative signs appearing through momentum indicators. From...
EURUSDAfter the 76.4% Fibonacci level showed a strong stance in front of the pair’s upside movement, the pair descended to near support for the bullish channel that organizes the correction trend that has started near the bottom at...
Market Review – 04/08/2010 22:58 GMTDollar rebounds from a fresh eight-month low against yen on upbeat U.S. economic dataThe greenback rebounded strongly from an 8-month low against the Japanese yen on Wednesday, as upbeat U.S. data prompted...
The US stocks on Tuesday fell amid disappointing financial reports of companies and more weak-than-expected US economic statistics, which strengthened investors’ worries about the stability of the recovery. Dow Jones Industrial Average according to the trading results...
