Market Review – 31/05/2010 17:05GMTJapanese yen falls on political turmoil before rebounding on profit-taking in late European sessionThe Japanese currency fell against major currencies on Monday after a poll showed Sixty-three percent of Japanese voters want Prime...
The trading session closing last week did not clear the situation. Even if there is something on the charts they are not important at the moment at the end of the month. This is more significant than...
Crude is moving within the same narrow range since this morning due to the absence in some markets, where it is fluctuating around the 100 MA over four-hour basis as shown above. From here, the weekly expectations will...
EURUSD The pair has been trading in a narrow range since this morning due to the holidays in some financial markets; therefore, our morning expectations remain intact supported by Stochastic.
ForexPros Daily Analysis May 31, 2010 Fundamental Analysis: ISM Manufacturing Index Traders of the US anticipate the publication of the ISM Manufacturing Index. The Institute of Supply Management Manufacturing Index tracks the amount of manufacturing activity that...
USD/JPY Open 90.92 High 91.61 Low 90.71 Close 91.01Dollar/Yen started a recovering process last week, which slowed down on Friday, in line the Interbank sentiment at nearly -33%. The currency couple depreciated from 91.37 to 90.71 on...
Updating our previous analysis for May 17, the pair succeeded in breaching the neckline for a bearish technical pattern mentioned previously at 0.8575, this breach took the pair to the 38.2% correction for the entire upside wave...
GBP/USD Open 1.4446 High 1.4597 Low 1.4392 Close 1.4445After partial recovery last week, on Friday Pound/Dollar traded with a decrease, in line with negative Interbank sentiment at around -47%. The Cable dropped from 1.4597 to 1.4453 on...
EURThe Euro fell sharply on Friday as Fitch Ratings slashed Spain’s long term credit rating, fueling concerns about Europe’s sovereign debt crisis. Fitch downgraded Spain’s debt rating to AA+, stating that the country will not recover as...
USDJPY (Daily): The chart below demonstrates the volatility of this pair. It essentially is moving sideways with a large distance between chart highs and lows. Friday’s price actions saw this pair open at the 200 day MA...
