NZD USD in Depth
The pair rushed strongly to the upside breaching the resistance for the descending channel which constructed the downside correction over short term basis seen over daily basis above.
Category: Daily Forex Reports
USD – Dollar Weaker In Short Term Trading
With a lack of important economic data from the States on Friday the USD traded weaker against both the EUR and GBP to close out the week. Wall Street continued to trade in a timid fashion as...
EUR – Spanish Bonds Strong, But Why?
European economic data remained light on Friday and the EUR was able to push higher again. The Spanish Bonds auction went well closing out the week, which may have helped investor sentiment and European equities continued to...
GBP – Annual Budget Release Tmrw Anticipated
The Sterling continued to follow the EUR’s lead and trade better against the USD. The GBP has picked up ground versus the Greenback as risk sentiment has continued rise. The U.K. released a better than expected Prelim...
JPY – Safe Haven Plays Still Investors Stronghold
The JPY continues to lean towards the stronger side of its value against the USD in what has been consistently risk adverse trading. Asian bourses have reflected their American counterparts producing cautious gains on a lack of...
GBP/USD 1.4876 – 21 June 2010
GBP/USD Open 1.4837 High 1.4932 Low 1.4773 Close 1.4817After the deep correction last Thursday, on Friday Pound/Dollar recovered partially, in converse with negative Interbank sentiment at around -25%. The Cable appreciated to 1.4883 on Friday, than dropped...
Daily Forex Analysis by Finexo.com 21/06/2010
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...
Yuan Speculation has Market in Frenzy; USD in Decline
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...
Key Levels
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.
Major Currencies’ weekly Report 21/ June /2010
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.