Market Review – 16/06/2010 21:50 GMTEuro retreats on worries over SpainEuro fell on Wednesday as renewed worries on the Spanish banking systems prompted investors to sell the single currency. Poor U.S. housing data also pressured euro but...
Support levels: 1.0226, 1.0103, 1.0015.Resistance levels: 1.0391, 1.0454, 1.0681. An intraday view on USD/CAD continues to be bearish as long as the resistance level of 1.0391 is not broken.
Crude is trading according to the suggested morning scenario and gradually heading to the awaited target at 75.75, where this descend is supported by the negative momentum over four-hour basis.
EURUSD The pair touched the mentioned retest level from this morning, where it is currently at 1.2290 as the four hour candlestick closing builds a base above it. Therefore, our morning expectations remain valid as far as...
ForexPros Daily Analysis June 16, 2010 Fundamental Analysis: Initial Jobless Claims Traders await the US Initial Jobless Claims. It is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first...
Risk appetite has put itself in full view in recent days and on Tuesday the USD was confronted and it lost ground to both the EUR and GBP. Wall Street turned in a good performance with solid...
The EUR gathered additional strength on Tuesday and this happened even as a rather disturbing German ZEW Economic Sentiment report came across the wires. The EUR gained versus the USD and continued to show that some investors...
The Sterling like the EUR had another day of gains against the USD and this took place as inflationary data came out close to their estimates. The U.K. will publish its Unemployment Rate and Claimant Count Change...
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...
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...
