EURUSDThe pair respected yesterday’s presented scenario, and currently fluctuates with a slight bias to the upside due to the effect of positive momentum. We expect the pair to retest 1.2820 –support for the breached rising wedge yesterday–...
Crude succeeded in achieving yesterday’s suggested scenario, where it had managed to cause major negative pressure yesterday due to the breach of support for the bullish channel shown below. The stochastic is showing bullish signs that may...
USDJPY: We are seeing strong JPY Support building in at 87.50. The JPY is also in the middle of a volatile Step pattern which is generating lower highs and lower lows. If the JPY breaks Support and...
EUR/USD Open 1.2768 High 1.2910 Low 1.2733 Close 1.2752 After some hesitation, on Wednesday Euro/Dollar continued dropping. The European currency depreciated from 1.2910 to 1.2733 yesterday, not matching the neutral Interbank sentiment projection, at -0.5%, closing the...
Market Review – 21/07/2010 22:15 GMTEuro tumbles as Fed’s Bernanke shows concerns about economic outlookEuro fell sharply on Wednesday as Fed’s Chairman Ben Bernanke showed concerns about the U.S. economy, prompting investors to flock to dollar and...
EURUSDThe pair succeeded in breaching the pivotal support levels mentioned this morning at 1.2845, as it attempts to stabilize below it to insure that morning scenario is activated. From here, morning expectations will remain intact as long...
Crude maintains pursuing the retest of support for the previously breached rising wedge; whereas overbought signs continue appearing though momentum indicators. Therefore, morning expectations will remain intact if the daily closing is above 78.50.
The USD gained on the EUR, but produced rather range bound trading versus the GBP and JPY on Tuesday. The greenback advanced against the EUR, but its move will be interpreted as rather tranquil by most.
The EUR lost some ground to the USD on Tuesday, but it did not happen with any great force. There was little in the way of economic data from the E.U. yesterday except for the German PPI...
The Bank of England will release the MPC Meeting Minutes today, but no great surprises are expected. The Sterling has found calm waters the past two days of trading as it has essentially range traded. The U.K....
