EURUSDThe pair is facing a hard time in surpassing the pivotal resistance around 1.3000, thus pushing the pair to the downside where we see that it will return to retest the previously breached resistance that has currently...
ForexPros Daily Analysis July 19, 2010 Fundamental Analysis: Interest Rate Decision The Bank of Canada (BOC) decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation....
USD/JPY Open 86.51 High 87.49 Low 86.34 Close 86.52 On Friday Dollar/Yen continued descending, in line with the negative Interbank sentiment at around -16%. The currency couple depreciated from 87.49 to 86.34 on Friday, closing the week...
After rebounding to the upside from 38.2% Fibonacci correction for the entire upside move which started from 0.6007 to 0.9405, the pair found difficulty in surpassing the strong resistance at 0.8870 which is the 61.8% correction for...
GBP/USD Open 1.5302 High 1.5439 Low 1.5269 Close 1.5295 After an unsuccessful rising efforts, on Friday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at around +20%. The Cable depreciated from 1.5439 to 1.5286...
The USD traded in a consolidated manner on Friday against the EUR and GBP, albeit at the weaker side of its range. Divergence has taken hold within the broad markets and this has occurred as U.S. data...
The EUR continued to keep pace on Friday and managed to go into the weekend with most of its gains intact after a strong performance from the days before. The EUR did move in a fairly tight...
The Sterling traded in a sideways pattern on Friday and finished off the week holding onto most of its gains. There was little economic data from the U.K. before going into the weekend and there will little...
The JPY continues to pick up steam and gain versus the USD as risk adverse trading being led by investors fleeing Asian bourses builds momentum. Trading is seldom a one way avenue, but the JPY’s strength highlights...
The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest...
