Crude was not able to surpass 61.8% Fibonacci correction and reverse to the downside as it currently attack SMA 50. The minor bearish technical pattern appearing on the short term trends, its neckline was breached at 77.70,...
Today, traders should pay close attention to the release of the U.S. Consumer Confidence report. This indicator always leads to extreme market volatility for the major currency pairs. Traders may find good opportunities to enter the market...
EUR/USD Open 1.2271 High 1.2395 Low 1.2257 Close 1.2275After the hesitant trading last week, on Monday Euro/Dollar significantly decreased. The European currency dropped from 1.2395 to 1.2268, in converse with the Interbank sentiment projection, at around +6%,...
Market Review – 28/06/2010 21:26 GMTEuro tumbles on ECB loan worriesThe euro weakened across the board on Monday as investors were worried over the funding tensions in Europe as a lending facility provided by ECB would expire...
EURUSD The pair is moving within a narrow range since this morning within the minor ascending channel that is on its way in forming the right shoulder for the suggested bullish technical pattern in our weekly report...
The retest level previously shown stood around 75.75 to push crude strongly to the upside heading towards resistance for the main bullish channel at 81.70 with some expected bearish correction, due to the negativity on momentum indicators.
ForexPros Daily Analysis June 28, 2010 Fundamental Analysis: CB Consumer Confidence Traders of the US anticipate the Consumer Confidence to be published tomorrow June 29. It measures the level of consumer confidence in economic activity. It is...
Gold is still trading within the internal bullish wave over short term basis within the main ascending channel over the medium term. As we mentioned in our previous reports, on June 14, the metal is facing the...
After another GDP report from the United States investors cannot be faulted for scratching their heads and asking if good economic data is going to come anytime soon. The USD traded in a rather flat range against...
The EUR continued to trade in range on Friday as investors seemingly refused to push the currency in any particular direction. Uncertainty remains a focal point for the European Union Sovereign Debt market and questions still remain...
