Daily Forex Analysis by Finexo.com 15/07/2010
The Dollar continues to remain under extensive selling pressure as it is becoming increasingly apparent that the U.S economic recovery may be slowing down.
Category: Daily Forex Reports
USD/JPY 88.13 – 15 July 2010
USD/JPY Open 88.27 High 89.10 Low 87.85 Close 88.43 After an insignificant continuation of the upward impulse, on Wednesday Dollar/Yen began a sharp decrease, loosing all gains from the previous day, in line with the negative Interbank...
Forexpros.com Daily Analysis – 15/07/2010
ForexPros Daily Analysis July 15, 2010 Fundamental Analysis: Core CPI The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy.The CPI measures price change from the perspective...
USD – FOMC Echoes Cautious Sentiment
The USD essentially traded in range on Wednesday as caution seeped into the broad market place. Wall Street was not able to maintain its momentum from the first two days of trading this week and experienced a...
EUR – ECB Monthly Bulletin On Schedule
The EUR encountered headwinds on Wednesday after the previous day’s rather strong gains. The Industrial Production data for Europe was released yesterday and produced a gain of 0.9%, which was below the forecast of 1.2%.
GBP – Impetus From Other Shores Likely
The Sterling was able to maintain its gains on Wednesday against the USD. The Claimant Count Change was published yesterday and was slightly better than anticipated. The data will remain rather quiet the next two days and...
JPY – Gains For The Yen On Risk Adverse Movement
The JPY gained against the USD as Asian bourses turned negative and investor sentiment moved quickly towards a risk adverse flavor. Gold traded in a rather consolidated manner and remains around 1213.00 USD per ounce.
Hang Seng in Depth
The index is trading steadily within the descending channel which is controlling the downside correction since the recorded temporary top over medium term basis at 23107.
GBP/USD 1.5255 – 15 July 2010
GBP/USD Open 1.5266 High 1.5293 Low 1.5181 Close 1.5268 On Wednesday Pound/Dollar continued the upward impulse with just over 100 pips, in line with the positive Interbank sentiment at nearly +20%. The Cable appreciated from 1.5181 to...
Major Currencies’ Morning Report 15/ July /2010
EURUSDThe pair continued its upside trend yesterday touching resistance for the bullish channel once again that meets with 50% Fibonacci correction. Momentum indicators are still showing negative signs that maintain chances of a minor bearish correction intact,...