The EUR continued to trade firm on Monday and this came as Sovereign Debt related news did make its way into the public domain. Spanish bond yields did increase yesterday on rumors that the Spanish government would...
The Sterling had another day of rather good trading as it gained against the USD. The RICS House Price Balance figures turned in a better than estimated figure of 22% compared to the forecast of 16%. Today...
The JPY gained on the USD in what has become a time honored risk adverse trade. Meaning that as the Asian bourses moved in a weary manner due to mixed results coming from other international equities, the...
USDCAD: This continues to be an interesting pair to watch as many technicians believe the price action on the CAD will be a leading indicator for the rest of the G-7. Here are the Support & Resistance...
Crude continues trading within the bullish intraday channel shown above, after it has halted crude’s pivotal neckline 75.75 from attempting to breach it and achieve more upside movement since yesterday.
EURUSD The pair started its gradual descend naturally within the upside intraday channel shown yesterday, in an attempt to build a base on its support level around 1.2160 currently.
The Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may...
EUR/USD Open 1.2213 High 1.2298 Low 1.2115 Close 1.2220On Monday Euro/Dollar continued recovering, as expected. The European currency appreciated from 1.2115 to 1.2298 yesterday, in converse with the Interbank sentiment projection, at around -8%, closing the day...
Market Review – 14/06/2010 21:26 GMTEuro pares gains after Moody’s downgrades Greek bonds to junk levelThe single currency initially traded with a firm undertone on Monday as euro surged above last Friday’s high of 1.2153 to 1.2208...
Crude pushed strongly to the upside revisiting resistance for the short term trend at 75.75, carried by the minor ascending channel appearing through the image below.
