USD – A Nervous Confidence Game
The USD made a strong start on Monday and then allowed the EUR and GBP to bounce back from their lows. Powering to new highs the USD started to find some resistance as the day developed and...
Category: Daily Forex Reports
EUR – Can Rescue Package Bring Stability?
The EUR traded to new lows early on Monday but was able to bounce back and push itself at least into stronger parts of its intraday ranges. The EUR found some stability as Hungarian officials stepped forward...
GBP – Nationwide Consumer Confidence Today
The Sterling started off Monday on a weaker foot but it did find some balance and managed to climb from its lower depths. The EUR centric storm clouds persist for the GBP, but there is also U.K....
JPY – Asian Bourses Bounce Up A Bit
The JPY and USD traded in a consolidated motion as some of the risk adverse fervor lessened and the Asian bourses actually turned in slight gains on their own going into the European trading session on Tuesday....
AUD USD In Depth
The pair continues trading alongside our previously provided analysis on May 17 and May 31. The pair managed to retest the breached support which meets the neckline for the bearish pattern shown below.
Crude Oil Morning Report 08/6/2010
Crude continues fluctuating around the retest level shown yesterday 71.60 but it was not able to stabilize above it; thereby maintaining the suggested scenario yesterday intact.
Major Currencies’ Morning Report 08/6/2010
EURUSD The pair is fluctuating within the narrow range yesterday and gradually nearing the retesting level for the previously broken support that has currently turned into resistance at 1.2010. Stochastic started to turn negative and thereby encouraging us to...
Daily Market Outlook by AceTrader
Market Review – 07/06/2010 21:46 GMTEuro hovers near a fresh 4-year low on weakness in U.S. stocksEuro extended Friday’s decline and fell to a fresh 4-year low at 1.1876 in Asian morning after breaching Friday’s low made...
Crude Oil Midday Report 07/6/2010
Crude surpassed the gap from this morning to retest the previously breached neckline around 71.60. Morning expectations remain intact shown in our weekly report, where a bearish trend is expected in overall; targets start aroun d 69.15 and...
Major Currencies’ Midday Report 07/6/2010
EURUSD The pair moved upwards to retest 1.2040 shown in our weekly report. Our previous expectations will remain intact in the overall predicted bearish direction today; targets start at 1.1900 and require four-hour closing below 1.2040 to...