Crude surpassed the gap from this morning to retest the previously breached neckline around 71.60. Morning expectations remain intact shown in our weekly report, where a bearish trend is expected in overall; targets start aroun d 69.15 and...
EURUSD The pair moved upwards to retest 1.2040 shown in our weekly report. Our previous expectations will remain intact in the overall predicted bearish direction today; targets start at 1.1900 and require four-hour closing below 1.2040 to...
ForexPros Daily Analysis June 7, 2010 Fundamental Analysis: Nationwide Consumer Confidence – GBP European traders look forward to the publication of the UK Nationwide Consumer Confidence. It measures the level of consumer confidence in economic activity. It...
USD/JPY Open 91.04 High 92.85 Low 92.05 Close 91.93On Friday Dollar/Yen made a sharp decline, in line with the Interbank sentiment at almost -50%. The currency couple depreciated from 92.85 to 91.41 on Friday, closing the week...
A wave of safe haven trading hit the broad markets on Friday and within its torrent the USD gained swiftly against the EUR and GBP. Wall Street found itself sharply lower too. Cautious trading turned into a...
A new act in the theater of the absurd for the EUR erupted on Friday when Hungarian officials publically said that they might have a difficult task meeting debt obligations. Hungary does not use the EUR but...
The Sterling found itself under the dark shadows of a EUR centric downturn on Friday. While the GBP did not lose quite the same percentage that the EUR lost to the USD, the Sterling nonetheless was under...
The JPY got stronger against the USD as risk adverse trading took hold of investors. Asian bourses traded significantly lower reflecting the declines of other international equity markets. The JPY and USD are clearly favorites among safe...
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
After the index settled below the breached support for the medium term bullishness, which stopped after the 61.8% correction for the entire downside move from 14266 till 6461 held steady, where we can see a bearish pattern...
