EUR – Hungary Makes News Over The Weekend
The EUR continued to keep pace on Friday and managed to go into the weekend with most of its gains intact after a strong performance from the days before. The EUR did move in a fairly tight...
Category: Daily Forex Reports
GBP – Sterling Maintains Its Gains
The Sterling traded in a sideways pattern on Friday and finished off the week holding onto most of its gains. There was little economic data from the U.K. before going into the weekend and there will little...
JPY – Asian Bourses Tumble, Yen Rises
The JPY continues to pick up steam and gain versus the USD as risk adverse trading being led by investors fleeing Asian bourses builds momentum. Trading is seldom a one way avenue, but the JPY’s strength highlights...
Dollar Declines to 2010 Low Against Yen
The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest...
Psychologically Important Technical Levels
Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
Major Currencies’ weekly Report 19/ July /2010
EURUSDThe pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the...
Crude Oil weekly Report 19/ July /2010
Crude was able to achieve the falling wedge pattern scenario suggested in our previous report, although it is finding a hard time in surpassing support represented by the MA 100. The stochastic is showing positive signs that...
EUR/USD 1.2919 – 19 July 2010
EUR/USD Open 1.2902 High 1.3004 Low 1.2891 Close 1.2924 On Friday Euro/Dollar the rising momentum extended further during the European session, than consolidated. The European currency appreciated from 1.2891 to 1.3004 on Friday, matching the positive Interbank...
Daily Market Outlook by AceTrader
Market Review – 16/07/2010 21:39 GMTDollar falls to 7-month low against yen on worse-than-expected consumer sentimentThe greenback remained under pressure against the Japanese yen in Asia following previous day’s decline and fell to 86.97 due to the...
Analytical review of EUR/USD with a forecast for Friday July 16
On Thursday, the euro increased against the US dollar to a 2-month high amid the weakening of the worries about the Eurozone sovereign debt and the strengthening of the fears concerning possible pause in the US economy...