GBP JPY in Depth
The pair breached the resistance for the sideways wave around 135.75 which we mentioned in our Market Pulse report on July 20. The pair is now heading towards the main resistance for the downside wave at 139.15...
Category: Daily Forex Reports
Will the US Dollar Continue its Decline?
Yesterday’s trading was characterized with high optimism regarding global recovery. This optimism has boosted the European currencies, such as the euro and the pound, and weakened the relatively safer currencies – the US dollar and Japanese yen.
Il.Dollar Turns Offered Across G10
GBPUSD: The GBP surge, since bottoming at 1.43 in mid May has been impressive to say the least. We have commented before that price action on the GBPUSD is fairly quick between a 1.50 and 1.60 handle.
Crude Oil Morning Report 03/ August /2010
Crude yesterday strongly pushed to the upside due to the effect of the bullish pattern at 79.35, where it touched resistance for the bullish short term channel that is currently around 82.00. Momentum indicators are giving off...
Major Currencies’ Morning Report 03/ August /2010
EURUSDThe pair extended its rise within the short-term ascending channel while finding difficulties in surpassing 1.3190 levels affected by the negative sings from the momentum indicator, slight downside correction might take the pair to 1.3105 before rising...
Daily Market Outlook by AceTrader
Market Review – 02/08/2010 23:23 GMTEuro surges to a 3-month high as firmness in U.S. stocks boosts risk appetiteEuro surged to a 3-month high of 1.3196 on Monday due to dollar’s broad-based weakness and the firmness in...
Technical analysis of USD/CAD for 02/08/2010
Support levels: 1.0251, 1.0141, 1.0013.Resistance levels: 1.0390, 1.0500, 1.0550.USD/CAD is demonstrating a downward tendency. At the moment, the view of the pair is neutral as long as the support level of 1.0251 is not broken.
Crude Oil Midday Report 02/ August /2010
Affected by the bullish pattern that is appearing on the below chart, oil inclined once more and succeeded in entering the previously broken bullish channel. Momentum indicators still show negative signs and thus; the suggested bearish scenario is...
Major Currencies’ Midday Report 02/ August /2010
EURUSDThe EUR/USD pair ascended since this morning, despite the clear overbought signs from the momentum indicators. We are waiting for the pair to touch the 1.2990 levels before completing its intraday bullish direction, where stability above those...
Forexpros.com Daily Analysis – 02/08/2010
ForexPros Daily Analysis August 02, 2010 Fundamental Analysis: Interest Rate Decision The Reserve Bank of Australia (RBA) decision on short term interest rate.The decision on where to set interest rates depends mostly on growth outlookand inflation. The...