The Sterling performed well on Wednesday as it continued to sail smoothly in the midst of austerity ‘merriment’ and better EUR centric sentiment (read stability). There were no releases of significant data from the U.K. yesterday, but...
The JPY gave back some of its gains on Wednesday as risk appetite within the Asian bourses created some breathing room and allowed the Yen to weaken against the USD. Safe haven trading slackened as equities gained...
Today is a busy day with both the European Central Bank and the Bank of England scheduled to release statements regarding their interest rate decisions.
GBP/USD Open 1.5174 High 1.5241 Low 1.5081 Close 1.5186 On Wednesday Pound/Dollar resumed rising after recording an insignificant correction, not exactly, however, matching the small Interbank sentiment at nearly +0.05%.
EURUSD The pair was able to achieve yesterday’s awaited ascending actions to touch the primary target around 1.2670, where it continues to move within the minor bullish channel shown in the image below.
Crude strongly pushed to the upside yesterday to retest the previously breached neckline for the bearish technical pattern at 75.15, effected by the positivity appearing on momentum indicators yesterday, in addition to breaching the bullish technical pattern’s...
EUR/USD has remained at or near its 7-week high throughout overnight trading, as investor confidence in the 16-nation currency continues to rise. Currently trading around the 1.2665 level, the pair’s next major resistance line is around 1.2676....
Market Review – 07/07/2010 21:39 GMTEuro rises to a seven-week high as global stock rally boosts risk appetiteAlthough the single currency remained under broad-based selling pressure in Asian morning on continued long liquidation and fell to an...
According to wave count this currency pair before breaking 131.79 still has chances to develop wave C up. Its potential targets are Fibonacci retracement points of 136.00-131.23 and expansion points off 131.23-133.84-131.79.
Crude achieved an ascend due to the positivity on Stochastic as crude now is attempting to breach the morning mentioned resistance at 72.05. The daily four hour candlestick closing was below the mentioned level, thus chances of...
