EUR – Footing Found But For How Long?
The EUR gained on Thursday against the USD and the question that must be asked – is why? Only Final Manufacturing PMI data was released yesterday and it proved lackluster.
Category: Daily Forex Reports
GBP – Sterling Recovers After Lackluster Sessions
The Sterling was able to regain its lost ground on Thursday overcoming a pair of rather lackluster sessions. Manufacturing PMI was released yesterday and it came in slightly below expectations and under the previous month’s result.
JPY – Yen Stays Strong In Nervous Market
The JPY remained at the upper reaches of its strong move against the USD on Thursday. Asian bourses continued to trade in negative ranges as equities internationally found a tough path.
Markets Await the Release of Non Farm Data
Today’s release of the Non Farm Employment Data, which is due to be announced at 12:30 GMT, follows a week of negative economic data which raised concerns that the U.S economic recovery is stagnating. It is expected...
Daily Market Outlook by AceTrader
Market Review – 01/07/2010 22:40 GMTDollar falls sharply to 7-month low vs yen on recovery fearsDollar fell broadly as disappointing U.S. economic data stoked worries of double-dip recession on Thursday. Euro rallied across the board as Spain’s...
Major Currencies’ Midday Report 01/ July /2010
EURUSD The pair strongly rushed to the upside attacking the retest level for the previously breached minor bullish channel at 1.2335, due to positive effect from momentum indicators.
Crude Oil Midday Report 01/ July /2010
Crude breached the support for the bullish channel at 74.60 with four-hour closing, although it returned to the upside due to the positive signs from momentum indicators. Trading below the vital support areas starting from 75.20 will...
USD/JPY 88.69 – 1 July 2010
USD/JPY Open 88.45 High 88.76 Low 88.09 Close 88.43 On Wednesday Dollar/Yen traded with low volatility, not matching the very negative Interbank sentiment at nearly -70%. The currency couple depreciated from 88.76 to 88.36 yesterday, closing the...
FTSE in Depth
After consolidating below the support for the medium term upside wave, which was breached early May, the index completed a Head & Shoulders pattern and breached its neckline at 4980.
Daily Forex Analysis by Finexo.com 01/07/2010
The Yen and the Dollar appreciated against their major currency counterparts as investors fled to more risk adverse assets amid rising concerns that the global economic recovery may be faltering. The Euro tumbled to a historical low...