Commodity Currency Update
USDCAD: The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change...
Category: Daily Forex Reports
Dollar Dives on Short-Covering and BIS Report
The US dollar appears to have lost modest ground against its primary currency rivals during short-covering at the end of last week’s trading. The Bank for International Settlements (BIS) released a statement on Sunday declaring that while...
EUR/USD 1.2169 – 14 June 2010
EUR/USD Open 1.2145 High 1.2206 Low 1.2057 Close 1.2106On Friday Euro/Dollar recovered further in the morning, that made a deep correction. The European currency appreciated to 1.2147 on Friday, than bounced down to 1.2057, in line with...
Daily Market Outlook by AceTrader
Market Review – 11/06/2010 21:43 GMTDollar gains on concerns over economic recoveryDespite falling for 3 consecutive days versus the euro, dollar gained on Friday after the release of much weaker-than-expected U.S. retail sales data, rekindling concerns that...
Crude Oil Midday Report 11/ June /2010
Crude initiated the expected downside move after building the base on 75.60 and neared the main target at 73.70. A secondary descending channel is structuring the intraday wave while momentum indicators remain negative supporting our expectations.
Major Currencies’ Midday Report 11/ June /2010
EURUSD The pair is fluctuating around the resistance for the descending channel and below 61.8% correction, alongside negative signals on momentum indicators. We preserve our morning expectations as far as the pair does not stabilize above 1.2150.
USD/JPY 91.90 – 11 June 2010
USD/JPY Open 91.33 High 91.69 Low 90.87 Close 91.34On Thursday Dollar/Yen traded hesitantly and within a range, in converse with the Interbank sentiment at nearly -60%. The currency couple slightly appreciated from 90.87 to 91.45 yesterday, closing...
USD – Risk Appetite & Long Term Concerns
The USD lost some ground to the GBP and a bit of footing against the EUR on Thursday. These results came as risk appetite made an appearance on Wall Street as the major indexes all rose. However,...
EUR – Austerity And Risk Sentiment
The EUR traded in a stable manner on Thursday and turned in some gains versus the USD. The ECB managed to get through their press conference with President Trichet at the helm and keeping calm waters. That...
GBP – Bank Of England Holds Serve
The Sterling enjoyed a good run as it gained against the USD on Thursday. This came as the BoE announced that they are continuing with their stimulus spending regarding quantitative easing. The U.K. economy remains vulnerable and...