JPY & AUD – Bank Of Japan Does Not Take Action
The JPY remained at the higher levels of its range against the USD on Monday and late last night (European time) the Bank of Japan once again showed that it refuses to take significant action.
Category: Daily Forex Reports
Crude Oil Morning Report 10/ August /2010
Crude’s trading has stabilized below the pivotal level 81.75 as it points to more bearish movement that is still suggested to retest the initial neckline at 79.35, while trading continues in a natural manner within the bullish...
Major Currencies’ Morning Report 10/ August /2010
EURUSDThe pair breached the support line for the bullish channel appearing on the image above, where a possibility of a bearish technical pattern’s neckline is at 1.3115. These factors make us expect a bearish intraday direction, but keep in mind...
Gold, Risk And The Currency Markets
GOLD: Just a week and half ago Gold look poised to test the 200 day moving average. However, after 8 straight sessions in the black, Gold retook the 100 day MA and has now tested the 50...
Federal Funds Rate Leading Event in Today’s Market
The Federal Reserve is expected to keep its benchmark interest rate unchanged near 0% today, as traders get ready for a busy news cycle. The Fed’s corresponding rate statement is expected to provide an assessment of the...
Daily Market Outlook by AceTrader-10-8-2010
Market Review – 09/08/2010 22:47 GMTDollar rises against most currencies ahead of FOMC meetingDollar rose against most of its counterparts on Monday as investors unwound their existing positions and waited for signals on the statements on economic...
GBP/JPY Elliott wave count and Fibonacci levels, August 9, 2010
Wave count on larger timeframes shows that this currency pair is standing in a correction to daily wave 130.80-137.75 (colored royal blue). The targets of the longer term wave are Fibonacci retracement points of
Forexpros Daily Analysis – 09/08/2010
ForexPros Daily Analysis August 09, 2010 Fundamental Analysis: Nonfarm Productivity The Nonfarm Productivity measures the annualized change in the averageproductivity level of US workers when producing goods and services,excluding the farming sector. The Nonfarm Productivity is calculated...
Crude Oil Midday Report 09/ August /2010
Crude moved to the upside to touch 81.75, representing the previously breached support level that has currently turned into resistance. Stochastic has started to gradually lose its bullish momentum and crude will resume its bearish trend that...
Major Currencies’ Morning Report 09/ August /2010
EURUSDThe pair is trading within a narrow range since this morning with a bearish bias due to the negative effect of momentum indicators. Our expectations remain intact, represented by the weekly report as we await the pair...