The JPY and USD traded in a consolidated motion as some of the risk adverse fervor lessened and the Asian bourses actually turned in slight gains on their own going into the European trading session on Tuesday....
The pair continues trading alongside our previously provided analysis on May 17 and May 31. The pair managed to retest the breached support which meets the neckline for the bearish pattern shown below.
Crude continues fluctuating around the retest level shown yesterday 71.60 but it was not able to stabilize above it; thereby maintaining the suggested scenario yesterday intact.
EURUSD The pair is fluctuating within the narrow range yesterday and gradually nearing the retesting level for the previously broken support that has currently turned into resistance at 1.2010. Stochastic started to turn negative and thereby encouraging us to...
Market Review – 07/06/2010 21:46 GMTEuro hovers near a fresh 4-year low on weakness in U.S. stocksEuro extended Friday’s decline and fell to a fresh 4-year low at 1.1876 in Asian morning after breaching Friday’s low made...
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...
