USD – Unemployment & Risk Sentiment
Once again the USD traded within a range bound consistency, but did lose some ground to the EUR and GBP. Wall Street struggled on Wednesday and this occurred with little in the way of economic data.
Category: Daily Forex Reports
ECB – Trichet Will Be Under The Spotlight
The ECB will be thrown directly into the EUR debate this afternoon. The EUR traded stronger against the USD on Wednesday, but remains in a weak trend versus the Greenback.
GBP – Bank Of England Waited Upon
The Sterling managed to pick up some ground against the USD on Wednesday before going into today’s Bank of England policy meeting. There will be absolutely no interest rate change from the U.K. today, but investors will...
JPY – Caution Within The Asian Markets
The JPY gained against the USD on Wednesday under another wave of risk adverse trading leading up to today’s risk events from Europe and the United States.
EUR USD In Depth
After the sharp decline that took the euro below 1.19 areas, the pair is reversing to the upside in correction powered by positive momentum signals. The current incline takes the pair to retest the previously breach critical...
Market Volatility and Indirection
The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...
GBP/USD 1.4579 – 10 June 2010
GBP/USD Open 1.4543 High 1.4618 Low 1.4398 Close 1.4530On Wednesday Pound/Dollar resumed climbing, in converse with negative Interbank sentiment at around -46%. The Cable appreciated from 1.4398 to 1.4605, closing the day at 1.4530.
Euro Reverses Slight Gains Made Yesterday
After a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S.
Crude Oil Morning Report 10/ June /2010
Crude respected the suggested scenario yesterday; acquiring targeting with the breach of the resistance for the downside channel, affected by the bullish pattern explained yesterday, which still has upside targets to be reached.
Major Currencies’ Morning Report 10/6/2010
EURUSD The pair rushed to the upside breaching 1.1990, trading in the channel shown above, and also extending the upside move towards 61.8% at 1.2150, which meets the resistance for the downside channel.