The U.S currency declined against the EUR on Thursday after European Central Bank President Jean-Claude Trichet calmed investors’ concerns about European bank stress tests and the central bank’s liquidity programs. Positive employment data in the U.S. also...
EUR/USD Open 1.2690 High 1.2709 Low 1.2623 Close 1.2697 After an insignificant downward correction, on Thursday Euro/Dollar continued climbing. The European currency appreciated from 1.2623 to 1.2709 yesterday, in line the Interbank sentiment projection, at around +6%,...
Market Review – 08/07/2010 22:08 GMTEuro rises to a two-month high on Trichet ‘s optimistic commentsDespite euro’s initial pullback to 1.2620 in Australia, the single currency extended recent rise and climbed abv Wednesday’s high of 1.2665 to...
EURUSDThe pair is trading within a narrow range since this morning with bearish bias in an attempt to touch the awaited support at 1.2610. Our morning expectations remain intact.
Crude is trading within a narrow range since this morning between 74.40 and 75.00, with constant negative signs appearing through momentum indicators, as long as stability is abo ve the MA 50. Morning expectations are still intact as...
ForexPros Daily Analysis July 8, 2010 Fundamental Analysis: German CPI European traders anticipate the publication of the German CPI. The index measures the changes in the price of goods and services. The CPI measures price change from...
USD/JPY Open 87.67 High 88.45 Low 87.04 Close 87.70 On Wednesday Dollar/Yen increased significantly, not matching the positive Interbank sentiment at nearly -1%. The currency couple climbed from 87.04 to 87.80 yesterday, closing the day at 87.70....
The pair reached the support for the descending channel organizing the downside correctional wave which started with the brea ch of the support for the general upside trend, starting from the recorded top at 0.9148.
The USD lost ground to the EUR on Wednesday as equity markets bounced higher and traders took advantage. There was no major economic data released from the U.S. yesterday and with a certain amount of stability being...
The EUR gained strongly against the USD on Wednesday on a day without any major surprises from economic data. Today the ECB will hold it monetary policy meeting. It is clear that there will be nothing done...
