The Euro rose to a four week high against the USD and the Australian Dollar jumped more than 1% this morning, as news flooded the market that China would give the Yuan more flexibility. Beijing announcement to...
Analysts have begun to make positive statements regarding China’s latest announcement that it may consider an easing of the rigidness of their monetary policy. This could result in the Chinese yuan being allowed to appreciate normally and...
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
The price continues trading regularly within the bullish channel that will lead crude to ascend after breaching the neckline for the mentioned bullish technical pattern at 75.75.
EUR/USD Open 1.2407 High 1.2460 Low 1.2245 Close 1.2382On Friday Euro/Dollar traded hesitantly and with partial downward correction. The European currency depreciated from 1.2413 to 1.2357 on Friday, in line with the Interbank sentiment projection, at around...
Market Review – 19/06/2010 01:11 GMTEuro hovers near 3-week high on short-coveringEuro ended Friday’s trading with a biggest weekly gain since May 2009 due to broad-based rebound in global equities and recent worries over European debt crisis...
Crude oil succeeded in breaching the mentioned pivotal support from this morning nearing halfway towards the awaited target around 74.55; whereas it is finding a hard time surpassing the most sensitive level towards the intraday s hort...
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
The pair continues to trade structurally within the descending channel over medium term basis which started with the breach of the general bullish trend support at 0.9000; and after extending beyond the main correction level of 38.2%...
