ForexPros Daily Analysis June 1, 2010 Fundamental Analysis: PPI European traders anticipate the publication of the Producer Price Index on June 2nd. The PPI is an inflationary indicator that measures the average change in selling prices received...
he pair continues to trade within the structured short term descending channel which is leading the corrective downside wave that was initiated with the breach of the bullish medium term trend as seen on the daily chart...
Crude is moving according to yesterday’s suggested scenario that has neared the awaited main target at 75.35, but exiting the ascending channel with the breach of its support, in addition to stabilizing below MA 100 alongside the negative signs...
EURUSD The pair managed to breach support for the ascending channel that has organized the bullish correction wave, where its breached now and turned into resistance at 1.2315. We could witness some fluctuation that will help the...
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...
