ForexPros Daily Analysis May 26, 2010 Fundamental Analysis: GDP Price Index Traders of the US anticipate the publication of the GDP Price Index. The index measures the annualized change in the price of all goods and services...
Support levels: 1.0650, 1.0539, 1.0458Resistance levels: 1,0858, 1.0990, 1.1100Yesterday, the USD/CAD currency successfully broke the mark 1.0750 and the key resistance level at 1.0779. USD/CAD reached its high at 1.0858 retracing thereafter.
GBP/USD Open 1.4409 High 1.4448 Low 1.4310 Close 1.4406Pound/Dollar traded with a decrease at first on Tuesday, in line with negative Interbank sentiment at around -57%, than bounced upwards. The Cable depreciated yesterday down to 1.4265, from...
Upcoming Sessions (all times GMT)• USD Durable Goods Orders (12:30)• USD New Homes Sales (14:00)
U.S. stocks and EUR pared deep losses to end mostly flat on Tuesday as investors had second thoughts that a festering Euro-Zone banking crisis will spread worldwide and strangle a reviving economy.
EURUSD The main support maintained its stance in front of the pair’s attempts to push upwards to retest the previously broken neckline that has turned into resistance, where it currently ascended towards 1.2390. Stochasticis attempting to show negative signs that...
EUR/USD Open 1.2346 High 1.2413 Low 1.2182 Close 1.2344After reaching a new low levels, the Euro corrected insignificantly on Tuesday. Euro/Dollar depreciated from 1.2350 to 1.2182 yesterday, than bounced up to 1.2386 in line with the Interbank...
Market Review – 25/05/2010 21:38 GMTEuro rebounds strongly on short-covering due to recovery in U.S. stocksThe euro rebounded strongly on short-covering in NY session as U.S. stocks trimmed most of their losses. Earlier, the takeover of a...
EURUSD The pair activated the morning bearish move expectation and built a base on 1.2305, while it’s currently attacking the main support at 1.2180. Momentum indicators are adding strength to this level, but the previously breached bearish...
ForexPros Daily Analysis May 25, 2010 Fundamental Analysis: New Home Sales Traders of the US anticipate the publication of the New Home Sales. It measures the annualized number of new residential buildings that were sold during the...
