Crude pushed strongly to the upside but was not able to stabilize above 78.00 for long, where it returned to near support for the ascending channel that organizes current trading, due to the negative ongoing effect that...
EURUSDThe negative pressure on the pair has caused a direct negative impact on momentum indicators as the pair descends towards support for the minor upside channel, shown below in the four hour chart.
Despite a rise in U.S inventories last week, Crude prices rallied, boosted by strong equities and largely positive U.S economic data and demand figures.
EUR/USD Open 1.2311 High 1.2349 Low 1.2263 Close 1.2309On Wednesday Euro/Dollar traded hesitantly and within a narrow range. The European was moving within less that 100 pips range 1.2263 – 1.2349 yesterday, in line with the Interbank...
Market Review – 16/06/2010 21:50 GMTEuro retreats on worries over SpainEuro fell on Wednesday as renewed worries on the Spanish banking systems prompted investors to sell the single currency. Poor U.S. housing data also pressured euro but...
Support levels: 1.0226, 1.0103, 1.0015.Resistance levels: 1.0391, 1.0454, 1.0681. An intraday view on USD/CAD continues to be bearish as long as the resistance level of 1.0391 is not broken.
Crude is trading according to the suggested morning scenario and gradually heading to the awaited target at 75.75, where this descend is supported by the negative momentum over four-hour basis.
EURUSD The pair touched the mentioned retest level from this morning, where it is currently at 1.2290 as the four hour candlestick closing builds a base above it. Therefore, our morning expectations remain valid as far as...
ForexPros Daily Analysis June 16, 2010 Fundamental Analysis: Initial Jobless Claims Traders await the US Initial Jobless Claims. It is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first...
Risk appetite has put itself in full view in recent days and on Tuesday the USD was confronted and it lost ground to both the EUR and GBP. Wall Street turned in a good performance with solid...
