Fitch Downgrades Spain
Because of the holidays both in the U.S. and the U.K. today, traders should expect much lower volume than normal. The markets will stand mostly in place with brief moments of sudden volatility if a large speculator...
Category: Daily Forex Reports
EUR/USD 1.2301 – 31 May 2010
EUR/USD Open 1.2276 High 1.2434 Low 1.2153 Close 1.2268After partial recovery on Friday, Euro/Dollar lost its daily gains. Euro/Dollar appreciated from 1.2290 to 1.2434 on Friday, in converse with the Interbank sentiment projection, at around -11%, than...
Daily Market Outlook by Acetrader
Market Review – 28/05/2010 18:18GMTEuro weakens after Fitch downgrades Spain’s sovereign debt ratingThe single currency declined broadly on Friday after Fitch Ratings downgraded Spain’s credit rating from AAA to AA+, fueling worries that the European sovereign-debt crisis...
Fractal analysis of EUR/USD pair. Trading recommendations
Dear traders, We are watching over the upside trend development from May 26 and do not hurry to determine mid term targets for the upward movement.
Crude Oil Midday Report 28/5/2010
The MA 100 stood as a strong barrier in front of crude’s attempts at retesting 73.55 as mentioned this morning, where it returned to attack resistance over the short term at 75.35.
Major Currencies’ Midday Report 28/5/2010
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
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...
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...