Crude rushed to the upside to retest the support for the rising wedge previously breached, which clearly turned into resistance at 79.35; this level held against crude supported by overbought signals. Therefore, we expect a downside move...
EURUSDThe pair succeeded in consolidating above the 61.8%correction at 1.2990 stable within the ascending channel shown below. Momentum indicators provided negative signals that might push the pair to the downside to retest this level, yet in general...
Market Review – 30/07/2010 22:11 GMTDollar falls to a fresh eight-month low against yen on concerns over U.S. economic growthThe greenback remained under heavy selling pressure versus the Japanese yen in Asian morning after Thursday’s cross-inspired selloff...
The stock indices dropped according to the trading results on Thursday amid discrepant data.
The USD continued to trade in a rather well defined range on Thursday. The U.S. released weekly Unemployment Claims that came in a little better than expected, but quarterly earnings from corporate America disappointed investors and this...
After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially...
Market Review – 29/07/2010 22:56 GMTEuro surges above $1.3100 on upbeat European economic dataThe single currency broke above the $1.31 level for the first time since May as German unemployment decreased while European confidence in the economic...
ForexPros Daily Analysis July 29, 2010 Fundamental Analysis: GDP The Gross Domestic Product (GDP) is the broadest measure of economicactivity and is a key indicator for the economy’s health. The Annualized(quarterly change x4) percent changes in GDP...
GBP/USD Open 1.5599 High 1.5634 Low 1.5567 Close 1.5597 On Wednesday Pound/Dollar continued with slight ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5567 to 1.5634 yesterday, closing the day...
A day of range trading was experienced on Wednesday as the markets tried to interpret rather disappointing data and news from the States. Core Durable Goods turned in a disappointing drop of minus -0.6% compared to the...
