Market Review – 04/06/2010 21:36 GMTEuro tanks below $1.2000 level on European debt fears and selloff in US stocksEuro tumbled below $1.2000 for the first time since 2006 amid fears that the European debt problems are spreading...
Crude rushed to the upside and neared touching the focal resistance over short and intraday basis at 75.75, and returning once again to near the retest level shown this morning at 73.85. The suggested morning scenario remains intact...
EURUSD The pair touched the awaited level from this morning at 1.2215, where it started attacking the pivotal support at 1.2175; therefore, the suggested morning scenario will be activated since we have not witnessed a clear breach...
USD/JPY Open 92.59 High 92.88 Low 92.05 Close 92.69On Thursday Dollar/Yen continued trading upwards with weaker momentum, in converse with the Interbank sentiment at nearly -54%. The currency couple appreciated from 91.03 to 92.80 yesterday, closing the...
The USD powered higher against the EUR and GBP on Thursday. Continuing its strong trend, the USD moved to four year high water marks against the EUR. Even as data from the U.S. yesterday proved rather lackluster,...
The EUR struggled to the weakest part of it range against the USD as the Single Currency was once again hit by negative news and poor data from Europe. The broad Retails Sales for the continent turned...
Consolidation greeted the Sterling on Thursday as it finished the day largely where it started as investors showed that they are quite tentative going into today’s jobless report from the States. The U.K. published the Services PMI...
The JPY finds itself at the weaker part of its strong range against the USD. The Yen did manage to range trade yesterday after two losing sessions and investors will go into today’s trading session looking at...
In 4-hour chart of the EUR/JPY, the combination of candles “Falling Three Methods” is forming. As it is known, this pattern is the signal for a fall and EUR/JPY forms it after the failed try
On the daily chart above, the pair is trading within a bearish channel over medium term basis, and after recently touching the channel’s support at the recorded low of 1.4230, the pair rushed to the upside though...
