The Rebound
USDCAD:After taking out the 200 day moving average, a cross not seen in more than 1 year, the CAD held firm at major Support of 1.0850. Preceding that bounce off of 1.0850 was the beginning of a...
Category: Daily Forex Reports
USD/JPY 91.12 – 28 May 2010
USD/JPY Open 90.89 High 91.41 Low 89.92 Close 91.05Dollar/Yen started a recovering process this week, with stronger upward impulse on Thursday, in converse the Interbank sentiment at around -33%. The currency couple appreciated from 89.92 to 91.08...
Silver Technical Analysis
The minor ascending channel within the main upside channel continues to control silver’s short term trend especially after the support level held against the last downside move.
Palladium: Technical Analysis
After reaching the recorded top at 570.50 the metal started a downside correction reaching 38.2% as provided on the weekly chart above. We can see that the 50 MA is supporting the metal from below, while Stochastic...
USD – Is A Calm Market Possible?
The USD weakened against the EUR and the GBP on Thursday in markets that traded with somewhat tamer results. While Wall Street actually turned in a good day of gains across the major indexes, the currencies turned...
EUR – A Day Of Calm For The Single Currency
EUR investors were given a rather peaceful day to trade on Thursday, as the single currency turned in gains against the greenback. German Prelim CPI numbers met expectations head on with a result of 0.1%, not exactly...
GBP/USD 1.4518 – 28 May 2010
GBP/USD Open 1.4551 High 1.4604 Low 1.4371 Close 1.4580After being hesitant last week, this week Pound/Dollar finally started showing signs of recovery, and on Thursday traded with increase, in converse with negative Interbank sentiment at nearly -59%....
GBP – Poor Data But The Sterling Shined
The Sterling enjoyed a good day of gains versus the USD on Thursday. This occurred even as the CBI Realized Sales report turned in a brutally bad reading of minus -18 compared to the positive 13 which...
JPY – Risk Appetite Makes An Appearance
The JPY lost some ground to the USD as Asian bourses followed its international counterparts and staged an equities rally. Risk appetite made an appearance long enough to take the JPY lower, but it does remain in...
Can EUR Sustain Thursday’s Rally?
The EUR rallied versus the USD yesterday as U.S equities surged and China denied reports it is contemplating a reduction in its European bond holdings. But can the EUR maintain its gains heading to next week?