USD – Dollar Slides Again
The USD lost ground to the EUR again on Friday as the jobless data from the U.S. showed that not all is well with the American economy.
Category: Daily Forex Reports
EUR – The Single Currency Has Its Backers
European releases on Friday were light and today only the Sentix Investor Confidence reading will be released for the continent.
GBP – Strong Sterling Continues
The Sterling has continued to maintain its gains made the past few weeks and is giving traders an opportunity to test its strong range.
JPY & AUD – 15 Year Highs For JPY
The JPY finds itself at nearly fifteen year highs against the USD as traders continue to flock into the Japanese currency.
Daily Forex Analysis by Finexo.com 09/08/2010
The Dollar tumbled to an eight-month low against the Yen and dropped versus the Euro after data showed the U.S lost twice as many jobs in July as expected, fueling concerns that the Federal Reserve may need...
FTSE Index in Depth
After the index temporarily breached the medium term bullishness for a downside correction, the index settled for 38.2% correction for the entire upside wave that started from 3441 towards 5797. Trading reversed once again to the upside...
Momentum, How Far To Ride It?
OIL: After struggling for nearly two months to break above Resistance at 79 and break free of the 100 day MA, Oil seems to be under some downwards pressure once again. On the lower half of the...
Negative NFP Release Weakens The Dollar Vs. The Majors
Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and...
Crude Oil weekly Report 09/ August /2010
Crude was able to achieve the suggested bearish trend in our last reports as it managed to achieve primary targets around $80.00 per barrel and finds a hard time reaching the retest level at 79.35, due to...
Major Currencies’ weekly Report 09/ August /2010
EURUSDThe pair succeeded is achieving the suggested scenario for last week by trading within the bullish channel shown in the image above. The daily and weekly closing has been achieved above 76.4% Fibonacci correction, previously breached at...