Crude respected yesterday’s scenario, stabilizing around the pivotal level at 75.75. Crude’s stability below this level signals the likelihood for further bearish movement, with a bearish pattern seen with the neckline at yesterday’s recorded bottom of 75.20.
Market Review – 29/06/2010 21:36 GMTEuro falls broadly on European debt woes and recovery fearsEuro tumbles broadly on Tuesday as fears over eurozone financing weighed on the single currency and global equities. European banks on July 1...
Crude succeeded in breaching awaited morning support at 77.20 to activate the bearish trend’s scenario and is nearing the first key target at 75.75. From here, morning expectations will remain intact as we could witness some fluctuation to...
EUR USD The pair was able to breach the support mentioned this morning at 1.2210 activating the bearish scenario; therefore, we expect a bearish direction for today, where its key targets are around 1.2070 and require stability below...
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....
