EUR/USD Open 1.2315 High 1.2485 Low 1.2285 Close 1.2312After partial continuation of the upward recovery, on Monday Euro/Dollar started correcting downwards. The European currency depreciated from 1.2485 to 1.2305 yesterday, in line with the Interbank sentiment projection,...
Market Review – 21/06/2010 22:38 GMTEuro falls as optimism fades from China’s currency moveThe single currency rallied to a high as 1.2490 in the NZ session on Monday due to improved risk appetite after weekend’s announcement by...
Crude ascended gradually since this morning, where it neared the awaited support around 79.00 but is finding difficulty in surpassing 61.8% Fibonacci correction due to the negativity from momentum indicators as shown above. No change is detected...
EURUSD The pair bearishly reversed due to negative pressures from momentum indicators over four-hour basis shown above, trading is still within the minor bullish channel while we await it to carry the pair to touch the resistance...
ForexPros Daily Analysis June 21, 2010 Fundamental Analysis: Existing Home Sales Traders of the US look forward to the publication of the Existing Home Sales. It measures the annualized number of existing residential buildings that were sold...
USD/JPY Open 90.41 High 91.38 Low 90.23 Close 90.66On Friday Dollar/Yen continued the main decreasing trend, in line with the Interbank sentiment at around -60%. The currency couple depreciated from 90.93 to 90.54 on Friday, closing the...
The pair rushed strongly to the upside breaching the resistance for the descending channel which constructed the downside correction over short term basis seen over daily basis above.
With a lack of important economic data from the States on Friday the USD traded weaker against both the EUR and GBP to close out the week. Wall Street continued to trade in a timid fashion as...
European economic data remained light on Friday and the EUR was able to push higher again. The Spanish Bonds auction went well closing out the week, which may have helped investor sentiment and European equities continued to...
The Sterling continued to follow the EUR’s lead and trade better against the USD. The GBP has picked up ground versus the Greenback as risk sentiment has continued rise. The U.K. released a better than expected Prelim...
