Market Review – 22/07/2010 22:12 GMTEuro rallies on strong European manufacturing and services data Although the single currency traded sideways at Asian morning following Wednesday’s selloff from 1.2914 to 1.2732 and short-term speculators sold euro from 1.2787...
Crude is currently fluctuating around the retest level for the previously breached support level that presently ascended to 76.95, due to the effect of the bullish momentum on Stochastic. We hold onto our morning expectations as long as...
EURUSDThe pair strongly rushed to the upside to attempt to surpass the retest for the support of the previously breached rising wedge, where it is heading towards the resistance level for the bullish channel that has returned...
ForexPros Daily Analysis July 22, 2010 Fundamental Analysis: German Ifo Business Climate Index The German Information and Foschung (Ifo) Business Climate Index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from survey...
USD/JPY Open 86.90 High 87.42 Low 86.43 Close 87.02 Dollar/Yen started decreasing on Wednesday, in converse with the positive Interbank sentiment at nearly +11%. The currency couple depreciated from 87.42 to 86.84 yesterday, closing the day at...
Gold is fluctuating near the critical support for the medium term bullishness as seen above. Following the last steep downside wave, the support held against gold’s downside attempts supported by the 100 Days MA and positive signs...
As Ben Bernanke spoke yesterday the broad markets suddenly began to move in a risk adverse manner. Upon the words ‘unusual uncertainty’ Wall Street wobbled and finished the day in negative territory and the USD finished off...
PMI data will come forward from the E.U today via Germany and France and the results from the Flash Manufacturing and Services readings are expected to be rather mixed.
The Sterling lost value to the USD on Wednesday as risk adverse winds began to effect traders. Today Retail Sales will be released from the U.K. and a result of 0.5% is the estimate.
The JPY continued to prove a magnate for safe haven traders as uncertainty within the international bourses made the Japanese currency stronger. The JPY finds itself gaining momentum on unease that exists within Asian equity markets.
