The Sterling gained strongly on the USD on Tuesday. Manufacturing PMI was released and produced a positive reading of 58.0, slightly above the estimate of 57.8. Today Net Lending to Individuals and Construction PMI data will be...
USD/JPY Open 91.12 High 91.80 Low 90.57 Close 90.90On Tuesday Dollar/Yen traded with noticeable increase, in converse with the Interbank sentiment at around -52%. The currency couple appreciated from 90.57 to 91.38 yesterday, closing the day at...
The Japanese Prime Minister stepped down after only nine months in office last night because of political pressure. The JPY did lose some ground to the USD on the heels of the government shake up, but this...
Platinum still settles above the major support for the medium term ascending channel which took the metal to the 61.8% correction for the general downside trend that started from the recorded top at 2299.00 to the bottom...
GBP/USD Open 1.4664 High 1.4767 Low 1.4446 Close 1.4647On Tuesday Pound/Dollar continued recovering with a strong upward impulse, in converse with negative Interbank sentiment at around -38%. The Cable climbed from 1.4446 to 1.4706 yesterday, closing the...
Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down.
Crude traded yesterday in a sharp manner, where it managed to ascend and then drop helping mixed trades to return by touching 75.35, which show strong resilience in front of crude’s strong upside movement. Currently, signs of...
EURUSD The pair is fluctuating sharply to retest the breached level once again, accompanied by negative signs appearing through momentum indicators; pointing to a bearish intraday trend shown in yesterday’s reports that we recommend reviewing. The first required...
Continuing market uncertainty and Euro declines helped support Gold prices as investors turn to the metal as an alternative safe haven investment. Gold levels were further supported by positive economic data from the U.S on the one...
EUR/USD Open 1.2233 High 1.2328 Low 1.2117 Close 1.2228After the the quiet trading on Monday, yesterday Euro/Dollar traded with a decrease. Euro/Dollar depreciated from 1.2310 to 1.2117 on Tuesday, in line with the Interbank sentiment projection, at...
