EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
The pair continues to trade structurally within the descending channel over medium term basis which started with the breach of the general bullish trend support at 0.9000; and after extending beyond the main correction level of 38.2%...
The USD continued to lose ground to the EUR and GBP on Thursday and this came as Wall Street turned in a rather mixed performance. U.S. data was poor yesterday as weekly Unemployment Claims were worse than...
Without any major economic data to speak of from Europe on Thursday the EUR managed to continue its gains against the USD. Economic sentiment from the E.U. like its major counterparts has not taken a sudden turn...
The Sterling climbed on Thursday continuing to booster its value even as economic data from the U.K. was mixed. The Retail Sales numbers showed an improvement of 0.6% yesterday beating the estimated gain of 0.1%.
The JPY gained against the USD moving to stronger parts of its range against the Greenback as risk adverse trading continued. However, the JPY’s value is consistent with its long term range versus the USD. Gold climbed...
The negative pressure continued on crude due to the negative effect from momentum indicators ,causing a breach for the support of the ascending channel that has organized trading for the bullish wave from 69.50, especially after the...
EURUSD The pair continues its upside push within the ascending channel shown in our previous reports, due to the effect of yesterday’s breached bullish technical pattern at 1.2325. Momentum indicators are showing some negativity that may cause...
Risky currencies performed well yesterday following a successful auction of Spanish bonds that helped to ease fears of the euro zone fiscal crisis, prompting investors to take on riskier positions. The Swiss franc was a big mover...
EUR/USD Open 1.2383 High 1.2414 Low 1.2245 Close 1.2386On Thursday Euro/Dollar rose sharply after partial adjustment. The European appreciated from 1.2245 to 1.2404 yesterday, in converse with the Interbank sentiment projection, at nearly -1%, closing the day...
