Category: Daily Forex Reports

After the index breached the support for the medium term upside wave on April 27, while confirming the breach with several retest attempts, the index rushed to the downside correcting the entire upside move that started from...

Uncertainty flooded the markets yesterday, as concerns escalated over the global economic recovery following a disappointing release in U.S. consumer confidence, a downward revision to China’s leading indicator index and an unanticipated rise in the Japanese unemployment...

The USD gained versus the EUR Tuesday as doubts continued to mount regarding the European Union’s ability to cope with their economic crisis. The fallout from the EUR centric negative sentiment and the added ‘fire’ thrown onto...

The EUR essentially woke up on Tuesday morning and fell out of bed. The stability that the Single Currency has enjoyed the past couple of weeks has disappeared this week as caution has once again turned into...

The GBP range traded on Tuesday as concerns regarding the EUR centric story shadowed the Sterling enough to create a headwind. Final Mortgage Approvals from the U.K. came in slightly under their estimate with an outcome of...

The JPY continued to pick up momentum on Tuesday as risk adverse trading in Asian bourses mimicked their global counterparts and spiraled lower. The JPY finds itself in the stronger realms of its value versus the USD...

The U.S currency rose Tuesday, extending gains, adding to investors’ desire of safe havens amid worries over global growth prospects, this time stemming from data in China and concerns about the health of European banks.