Due to renewed concerns regarding the Euro-Zone’s debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. However, what will determine the direction of the Dollar...
Crude breached the critical support awaited yesterday at 75.15 and stabilized below it. Momentum indicators are trending lower and accordingly we expect an intraday downside move today further expected with stability below the 50 MA; targets start...
EURUSDThe critical support area of 1.2545 held against the pair supported by the 50 MA and positive momentum on Stochastic. Therefore, we see the likelihood for an intraday upside move targeting the channel’s resistance at 1.2750; nonetheless, we...
EUR/USD Open 1.2587 High 1.2647 Low 1.2554 Close 1.2593 On Monday Euro/Dollar continued the decreasing impulse, whish started last Friday. The European currency depreciated from 1.2647 to 1.2554 yesterday, in converse the Interbank sentiment projection, at nearly...
Market Review – 12/07/2010 21:43 GMTEuro falls on concerns over European banks’ refinancing problemsThe single currency fell sharply in Asia on Monday and penetrated Friday’s low of 1.2609 to 1.2587 on refinancing concerns over European banks. Later,...
EURUSDThe pair is trading around the morning mentioned pivotal support level at 1.2565 in an attempt to build a base and start the suggested bullish wave. Our morning expectations remain intact, supported by Stochastic but keep in...
Crude is trading within a narrow range since this morning and calmly nears the pivotal support at 75.15. Momentum indicators are still showing bearish signs that make us hold onto expectations for a bearish move today that will...
ForexPros Daily Analysis July 12, 2010 Fundamental Analysis: German ZEW Economic Sentiment The European traders anticipate The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment to determine the sentiment of German institutional investors.Above 0 indicates optimism while...
USD/JPY Open 88.65 High 89.13 Low 88.37 Close 88.56 On Friday Dollar/Yen continued increasing slightly, matching the positive Interbank sentiment at nearly +20%. The currency couple rose from 88.37 to 88.74 on Friday, closing the week at...
Gold prices left the internal upside channel which organize the upside short-term wave within the major upside channel which holds the mid trend for price. We see that the breach of internal channel is only temporarily till...
