GBP/USD Open 1.5191 High 1.5208 Low 1.5153 Close 1.5194 On Friday Pound/Dollar was trading quietly, matching the weak negative Interbank sentiment at around -1%. The Cable appreciated insignificantly from 1.5153 to 1.5208 on Friday, closing the week...
After a string of poor housing, manufacturing and consumer spending data, the U.S ended the week on an even more disappointing note as the U.S Bureau of Labor statistics announced that the world’s largest economy lost more...
The USD continued to trade near the lower parts of its range versus the major currencies on Friday and this took place on the heels of a poor Non Farm Employment Change number. The U.S. is on...
As this week begins, the major question in the market is whether the U.S. dollar will drop further, or can it erase last week’s losses? The dollar weakened on all fronts last week, following a series of...
EURUSD The pair was able to insure a breach of the neckline at 1.2470 to activate the bullish technical pattern shown in our previous reports, where it succeeded in surpassing resistance for the main bearish channel shown...
Crude stabilized trading below support for the key ascending channel after insuring the breach of the neckline for the bullish technical pattern, shown below. We still see that there are bearish targets for this pattern that have...
EUR/USD Open 1.2553 High 1.2603 Low 1.2485 Close 1.2552 On Friday Euro/Dollar climbed further. The European currency rose from 1.2485 to 1.2603, in line the Interbank sentiment projection, at nearly +7%, closing the week at 1.2552.
Market Review – 02/07/2010 22:01 GMTDollar falls against euro on weak U.S. jobs dataThe U.S. dollar fell versus the single currency on Friday after a report showed U.S. payrolls shed jobs for the first time this year,...
According to wave count this currency pair is now developing wave C of the intermediate downtrend (colored royal blue on the chart). However on smaller timeframes we have a correction within this wave C. The targets of...
The USD lost ground to both the EUR and GBP on Thursday in a broad market place that is showing signs of unrest. The weekly Unemployment Claims yesterday were negative, along with the Pending Home Sales and...
