The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen...
Update Time: 25 May 2010 01:01GMT INTRA-DAY EUR/JPY OUTLOOK – +110.65+ As euro has breached sup at 111.25, suggestingthe corrective rise fm 109.47 has ended at 114.40last week n downside bias is seen for weakness to 111.10...
Market Review – 24/05/2010 21:24 GMTEuro weakens as bank failure in Spain stokes debt fearsEuro declined on Monday as European debt crisis continued to weigh on the single currency after Spanish central bank seized a local savings...
EURUSD The pair is trading under more negative pressure below the retest level shown above, due to effects from the minor bearish pattern, where its neckline at 1.2470 has been breached. Stochastic entered oversold areas, thus holding...
ForexPros Daily Analysis May 24, 2010 Fundamental Analysis: GDP (QoQ) European traders anticipate the publication of the UK GDP. The Gross Domestic Product is the broadest measure of economic activity and is a key indicator for the...
USD/JPY Open 90.12 High 90.68 Low 89.24 Close 89.94Dollar/Yen traded hesitantly and within a range on Friday, in converse the Interbank sentiment at nearly -31%. The currency couple was moving within the 89.24 – 90.46 scope, closing...
Friday, the American stock markets rose due to financial companies shares after that the Senate passed a bill about the financial sector regulating reform. Dow Jones Industrial Average index rose by 125,38 points or by 1,25% to 10193,39...
The weekend probably came as a relief for many investors after a full week of swift market action which was packed with volatility. The USD finished within the stronger parts of its range versus both the EUR...
The pair is still trading within the main descending channel shown above; the channel led the pair in a downside correction that did not surpass 76.4% Fibonacci correction for the entire upside wave that started from 118.82...
Friday’s PMI data from Europe did nothing to warm the hearts of EUR investors. Nearly all the reports from Germany and France from the Flash Manufacturing and Services were negative and the broad European data was proven...
