Commodity Currencies
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.
Category: Daily Forex Reports
EURGBP in Depth
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...
Daily Forex Analysis by Finexo.com 29/06/2010
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 1.5088 – 29 June 2010
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,...
Major Currencies’ Morning Report 29/ June /2010
EURUSD The pair managed to breach support for the minor bullish channel due to the negative effect from momentum indicators on the four-hour chart. Meanwhile, trading is below SMA 50 is adding more pressure on the pair, which...
Crude Oil Morning Report 29/ June /2010
Crude was not able to surpass 61.8% Fibonacci correction and reverse to the downside as it currently attack SMA 50. The minor bearish technical pattern appearing on the short term trends, its neckline was breached at 77.70,...
U.S. Consumer Confidence to Set the Level for the USD Today
Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market...
EUR/USD 1.2270 – 29 June 2010
EUR/USD Open 1.2271 High 1.2395 Low 1.2257 Close 1.2275After the hesitant trading last week, on Monday Euro/Dollar significantly decreased. The European currency dropped from 1.2395 to 1.2268, in converse with the Interbank sentiment projection, at around +6%,...
Daily Market Outlook by AceTrader
Market Review – 28/06/2010 21:26 GMTEuro tumbles on ECB loan worriesThe euro weakened across the board on Monday as investors were worried over the funding tensions in Europe as a lending facility provided by ECB would expire...
Major Currencies’ Midday Report 28/ June /2010
EURUSD The pair is moving within a narrow range since this morning within the minor ascending channel that is on its way in forming the right shoulder for the suggested bullish technical pattern in our weekly report...