The USD gained on the EUR on Monday as trading sentiment in the currencies showed divergence, this because the GBP continued to perform relatively well against the greenback. Wall Street turned in another flat performance as investors...
With very flat data coming from Europe and news circulating that Spanish banks are voicing concerns about the ECB’S liquidity program, the EUR began to decline versus the USD.
The GBP has had a nice run in value recently and yesterday it was able to trade in a divergent manner compared to the EUR against the USD. The U.K. will start releasing rather important data today...
The JPY continued to build momentum against the USD on Monday. Japan released rather negative economic data early today also, which highlighted that its promising government pronouncements have now met head to head with a rougher economic...
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,...
