EUR/USD Open 1.2145 High 1.2206 Low 1.2057 Close 1.2106On Friday Euro/Dollar recovered further in the morning, that made a deep correction. The European currency appreciated to 1.2147 on Friday, than bounced down to 1.2057, in line with...
Market Review – 11/06/2010 21:43 GMTDollar gains on concerns over economic recoveryDespite falling for 3 consecutive days versus the euro, dollar gained on Friday after the release of much weaker-than-expected U.S. retail sales data, rekindling concerns that...
Crude initiated the expected downside move after building the base on 75.60 and neared the main target at 73.70. A secondary descending channel is structuring the intraday wave while momentum indicators remain negative supporting our expectations.
EURUSD The pair is fluctuating around the resistance for the descending channel and below 61.8% correction, alongside negative signals on momentum indicators. We preserve our morning expectations as far as the pair does not stabilize above 1.2150.
USD/JPY Open 91.33 High 91.69 Low 90.87 Close 91.34On Thursday Dollar/Yen traded hesitantly and within a range, in converse with the Interbank sentiment at nearly -60%. The currency couple slightly appreciated from 90.87 to 91.45 yesterday, closing...
The USD lost some ground to the GBP and a bit of footing against the EUR on Thursday. These results came as risk appetite made an appearance on Wall Street as the major indexes all rose. However,...
The EUR traded in a stable manner on Thursday and turned in some gains versus the USD. The ECB managed to get through their press conference with President Trichet at the helm and keeping calm waters. That...
The Sterling enjoyed a good run as it gained against the USD on Thursday. This came as the BoE announced that they are continuing with their stimulus spending regarding quantitative easing. The U.K. economy remains vulnerable and...
As if participating in a well rehearsed play, the JPY lost ground to the USD as international equity markets began to climb and risk appetite came into the broad markets. The currency pair has been a good...
The index started a downside correction after breaching the support for the medium term bullishness and temporary halted the move at 23.6% correction to rebound due to oversold signs and positive crossover on Stochastic over daily basis...
