EUR/USD Open 1.2272 High 1.2344 Low 1.2247 Close 1.2266On Tuesday Euro/Dollar continued correcting downwards. The European currency depreciated from 1.2344 to 1.2256 yesterday, in line with the Interbank sentiment projection, at around -0.5%, closing the day at...
Market Review – 22/06/2010 21:41 GMTYen rises as weakness in U.S. stocks sparks risk aversionYen rose on Tuesday as investors flocked to the Japanese yen as safe haven after U.S. stocks fell sharply due to poor U.S....
Crude is gradually nearing the awaited pivotal support at 77.20, with major oversold signs appearing through stochastic. The pair has met the MA 50 at 77.20, thereby including additional strength to this level; therefore,morning expectations will remain...
EURUSD The pair is negatively pressuring pivotal support mentioned this morning at 1.2280; whereas we see the possibility of a bearish technical pattern appearing on the four hour chart below.
ForexPros Daily Analysis June 22, 2010 Fundamental Analysis: MPC Meeting Minutes European traders anticipate the MPC Meeting Minutes. The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes are a detailed record of the committee’s interest...
The pair continues to trade steadily within the descending channel over medium term basis which started from the recorded top at 163.06; after recently reaching the support for the mentioned channel, the pair found difficulty in surpassing...
GBP/USD Open 1.4752 High 1.4932 Low 1.4724 Close 1.4756On Monday Pound/Dollar continued the recovery process at first, than started weakening, in line with negative Interbank sentiment at around -28%. The Cable appreciated to 1.4932 yesterday, than dropped...
EUR/USD The Euro rose briefly against the Dollar on Tuesday, after China lowered the Dollar/Yuan reference rate. However the Euro’s rally was short lived as the Yuan fell on apparent Dollar-buying from Chinese banks.The euro dipped 0.1...
USDCHF: We have been talking about this pair for sometime in light of its recent move against the Greenback. Analyzing a 4hr chart we see a great Head and Shoulders pattern appear signaling this move. The longer...
The EUR/USD pair almost touched $1.2500 during yesterday’s trading session, but declined sharply thereafter, following a rating downgrade. Fitch Ratings’ downgraded French banking giant BNP Paribas from AA to AA-. The move increased analysts’ concerns about the...
