GBP – Austerity Talk Helping The Sterling
Under the auspice of strong austerity measures and the promise of more to come from the ruling government coalition, the GBP has found the ability to gain against the USD.
Category: Daily Forex Reports
JPY – Risk Adverse Sentiment Driving The Yen
The JPY is establishing a strong safe haven trend and is at seven month highs against the USD. Asian bourses have largely continued their negative turn as Japanese equities have struggled.
Volatility Expected in First Day Back Following Long Weekend
The EUR dropped some of its gains against the dollar and the yen in thin trading as U.S. markets were closed yesterday. A lack of high impact data on the economic calendar kept currencies in a tight...
Major Currencies’ Morning Report 06/ July /2010
EURUSD The pair is approaching the retesting levels as shown yesterday around 1.2470 and has bullishly rebound due to the positivity of momentum indicators. The expected direction for today is bullish , supported by momentum indicators, alongside SMA 50 that protects...
Crude Oil Morning Report 06/ July /2010
Crude continued its bearish pressure to breach 61.8% Fibonacci correction for the final ascend that will start from 67.15 towards the recorded top at 79.90. This makes us expect more bearish intraday movement today, where targets start at...
EUR/USD 1.2530 – 6 July 2010
EUR/USD Open 1.2537 High 1.2562 Low 1.2480 Close 1.2536 On Monday Euro/Dollar decreased insignificantly. The European currency depreciated from 1.2562 to 1.2510 yesterday, in converse the Interbank sentiment projection, at nearly +4%, closing the day at 1.2536....
Daily Market Outlook by AceTrader
Market Review – 05/07/2010 19:34 GMTEuro falls against U.S. dollar on profit-taking and rate outlookThe euro traded sideways in Asia but with a soft undertone on Monday after Friday’s retreat fm 1.2613 to 1.2528 in NY trading...
Forexpros.com Daily Analysis – 05/07/2010
ForexPros Daily Analysis July 5, 2010 Fundamental Analysis: RBA Rate Statement Traders anticipate the publication of the RBA Rate Statement. The Reserve Bank of Australia’s monthly interest rate statement describes its latest decision regarding changes to the...
USD/JPY 87.86 – 5 July 2010
USD/JPY Open 87.74 High 88.17 Low 87.52 Close 87.70 On Friday Dollar/Yen recorded insignificant decrease, not matching the positive Interbank sentiment at around +8%. The currency couple depreciated from 88.17 to 87.52 on Friday, closing the week...
DAX in Depth
The index exited the bullish medium term channel which started from the recorded bottom at 3587.00. Currently trading stabilized below the breached support which turned into resistance at 6235.00 which is the gateway for the index to...