Major Currencies’ Midday Report 08/ July /2010
EURUSDThe pair is trading within a narrow range since this morning with bearish bias in an attempt to touch the awaited support at 1.2610. Our morning expectations remain intact.
Category: Daily Forex Reports
Crude Oil Midday Report 08/ July /2010
Crude is trading within a narrow range since this morning between 74.40 and 75.00, with constant negative signs appearing through momentum indicators, as long as stability is abo ve the MA 50. Morning expectations are still intact as...
Forexpros.com Daily Analysis – 08/07/2010
ForexPros Daily Analysis July 8, 2010 Fundamental Analysis: German CPI European traders anticipate the publication of the German CPI. The index measures the changes in the price of goods and services. The CPI measures price change from...
USD/JPY 88.17 – 8 July 2010
USD/JPY Open 87.67 High 88.45 Low 87.04 Close 87.70 On Wednesday Dollar/Yen increased significantly, not matching the positive Interbank sentiment at nearly -1%. The currency couple climbed from 87.04 to 87.80 yesterday, closing the day at 87.70....
EUR GBP in Depth
The pair reached the support for the descending channel organizing the downside correctional wave which started with the brea ch of the support for the general upside trend, starting from the recorded top at 0.9148.
USD – Bounce In Equities Spurs Risk
The USD lost ground to the EUR on Wednesday as equity markets bounced higher and traders took advantage. There was no major economic data released from the U.S. yesterday and with a certain amount of stability being...
EUR – Trichet To Deliver His ‘Wisdom’ Today
The EUR gained strongly against the USD on Wednesday on a day without any major surprises from economic data. Today the ECB will hold it monetary policy meeting. It is clear that there will be nothing done...
GBP – Plenty Of News And Data For Sterling Today
The Sterling performed well on Wednesday as it continued to sail smoothly in the midst of austerity ‘merriment’ and better EUR centric sentiment (read stability). There were no releases of significant data from the U.K. yesterday, but...
JPY – Asian Bourses Produce Risk Appetite
The JPY gave back some of its gains on Wednesday as risk appetite within the Asian bourses created some breathing room and allowed the Yen to weaken against the USD. Safe haven trading slackened as equities gained...
Daily Forex Analysis by Finexo.com 08/07/2010
Today is a busy day with both the European Central Bank and the Bank of England scheduled to release statements regarding their interest rate decisions.