Is The Dollar Rally Over?
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
Category: Daily Forex Reports
U.S. Non-Farm Payrolls Week Begins
After a relatively calm trading week, an extremely volatile session is expected starting today. Last week, the Dollar fell against most of the majors as poor housing data weakened the greenback; however this could all change following...
Major Currencies’ weekly Report 28/ June /2010
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
Crude Oil weekly Report 28/ June /2010
The retest level previously shown stood around 75.75 to push crude strongly to the upside heading towards resistance for the main bullish channel at 81.70 with some expected bearish correction, due to the negativity on momentum indicators....
EUR/USD 1.2375 – 28 June 2010
EUR/USD Open 1.2378 High 1.2396 Low 1.2267 Close 1.2364After partial downward correction, as expected, on Friday Euro/Dollar recorded insignificant further recovering. The European currency first dropped to 1.2267, from where it appreciated up to 1.2388 on Friday,...
Recent Recommended Trades by AceTrader
Update Time: 25 Jun 2010 17:37GMT DAILY AUD/JPY CROSS OUTLOOK – +78.20+ A$’s rebound fm intra-day low of 77.01 suggestsdecline fm 80.86 has formed a temp. low there n up-side bias is seen for retrace. to 78.28.Buy...
Daily Market Outlook by AceTrader
Market Review – 25/06/2010 21:39 GMTEuro rebounds strongly as U.S. stocks and commodities advanceEuro pared its initial losses and rose on Friday as gains in U.S. stocks and crude oil boosted risk appetite while commodity-linked currencies also...
Crude Oil Midday Report 25/ June /2010
Crude is trading within a narrow range since this morning while showing pivotal support which is awaited to be breached 75.75 as it maintains its stance in front of crude’s attempts at descending. The stochastic is still...
Major Currencies’ Midday Report 25/ June /2010
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
USD/JPY 89.75 – 25 June 2010
USD/JPY Open 89.61 High 89.97 Low 89.23 Close 89.62On Thursday Dollar/Yen continued decreasing, in line with the Interbank sentiment at around -65%. The currency couple depreciated from 89.97 to 89.23 yesterday, closing the day at 89.62.