EURUSDThe pair is moving according to our morning suggested scenario nearing the initial key target at 1.3250; therefore, we maintain our morning expectations intact as long as stability is above 1.3110.
Crude attempted to breach the minor support at 81.90, but quickly returned to build a base above it. Meanwhile, Stochastic is heading to the downside accompanied by the RSI moving near overbought areas. Thus, we expect a bearish...
ForexPros Daily Analysis August 05, 2010 Fundamental Analysis: Unemployment Rate The Unemployment Rate is a measure of the percentage of the total laborforce that is unemployed but actively seeking employment and willing to workin the US. A...
After 38.2% Fibonacci correction for the entire upside wave –from 125.35 till 365.50- held against the downside correction after breaching the support medium term bullishness, the metal head to the upside breaching the resistance around the 23.6%...
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.
