JPY – The Yen Trades Lower Again
The JPY lost a touch of additional ground to the USD on Tuesday as Asian bourses once again mirrored their global counterparts. Investors have pushed the JPY to losses the past few sessions and this has clearly...
Category: Daily Forex Reports
DAX In Depth
The index managed to return to the upside wave after it settled for the 23.6% correction supported by the 50 MA as seen over weekly basis above. The index set consecutive daily closing above the support for...
Silver In Depth
Silver continues to trade steadily within the medium term ascending channel shown over daily basis below; within this channel a minor ascending channel is organizing the movement over short term basis, where silver recently reached it support...
GBP/USD 1.4794 – 16 June 2010
GBP/USD Open 1.4796 High 1.4833 Low 1.4695 Close 1.4803After some hesitant movements, on Tuesday Pound/Dollar continued recovering, in converse with negative Interbank sentiment at around -21%. The Cable appreciated from 1.4549 to 1.4833 yesterday, closing the day...
Daily Forex Analysis by Finexo.com 16/06/2010
EUR/USD After faltering slightly, following news of Moody’s downgrade of Greece’s debt to junk status, the Euro resumed its rally against the Greenback. The pair hit a two week above the 1.23 mark yesterday, as solid European...
Longer Time Frames V.S Shorter
Every trader has a system that works for them. Some require more patience than others while other require a quicker reaction time. Some systems work best during ranging times while other work best during trending times.
Euro Continues To Strengthen Against the Dollar as Risk Appetite Grows
After several weeks in which the Dollar appreciated repeatedly against the Euro, the Euro is showing its first signs of recovery. The rising risk appetite in the market is the main reason for the strengthening Euro, but...
Crude Oil Morning Report 16/ June /2010
Crude succeeded in achieving yesterday’s scenario flawlessly stopping at the main target that has signaled to the importance of observing crude at it – $77.00 per barrel -. The importance of this level is the fact that...
Major Currencies’ Morning Report 16/ June /2010
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly breaching the neckline at 1.2295, while the daily closing is above it although it stands as a temporary barrier for the bullish intraday channel in front...
EUR/USD 1.2311 – 16 June 2010
EUR/USD Open 1.2317 High 1.2349 Low 1.2169 Close 1.2328On Tuesday Euro/Dollar continued recovering, after a significant, nut not unexpected adjustment. The European currency appreciated from 1.2169 to 1.2349 yesterday, in converse with the Interbank sentiment projection, at...