USD/JPY Open 89.31 High 89.46 Low 89.23 Close 89.34On Monday Dollar/Yen traded hesitantly and within a range, not matching exactly the strong negative Interbank sentiment at around -66%. The currency couple depreciated from 89.46 to 89.08 yesterday,...
ForexPros Daily Analysis June 29, 2010 Fundamental Analysis: GDP European traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy’s health....
The commodity currencies are trading a volatile range as Oil prices continue to spike in both directions. Therefore, we need to use the major MA’s as a guide more than a specific point of entry.
The pair continues to rush to the downside according to our previously proposed analysis on June 18. The pair retested the previously breached neckline at 0.8400 for the bearish pattern shown above over daily basis, rushing south...
The Euro remained under heavy selling pressure as renewed concerns Euro Zone’s stability continued to weigh on the European currency, pulling it down against its major currency counterparts.
GBP/USD Open 1.5093 High 1.5129 Low 1.5022 Close 1.5103 After the partial recovery last week, on Monday Pound/Dollar continued rising, in converse with negative Interbank sentiment at around -13%. The Cable climbed from 1.5022 to 1.5129 yesterday,...
EURUSD The pair managed to breach support for the minor bullish channel due to the negative effect from momentum indicators on the four-hour chart. Meanwhile, trading is below SMA 50 is adding more pressure on the pair, which...
Crude was not able to surpass 61.8% Fibonacci correction and reverse to the downside as it currently attack SMA 50. The minor bearish technical pattern appearing on the short term trends, its neckline was breached at 77.70,...
Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market...
EUR/USD Open 1.2271 High 1.2395 Low 1.2257 Close 1.2275After the hesitant trading last week, on Monday Euro/Dollar significantly decreased. The European currency dropped from 1.2395 to 1.2268, in converse with the Interbank sentiment projection, at around +6%,...
