Daily Analysis – 31/08/2010

by | August 31, 2010 10:28 am
ForexPros Daily Analysis August 31, 2010 Euro DollarYesterday’s headline for the EURUSD was “Slowly rising, signaling weakness”, and the Euro listened, and kept on falling from the weekly open, losing more than 130 pips from its Asian...

USD – Economic Concerns = Caution

by | August 31, 2010 7:59 am
The USD continued its strong pace against the EUR and GBP on Monday as it moved to the stronger parts of it recent range. Safe haven pressure was the story of the day as Wall Street struggled...

EUR – Little Data But Plenty Of Questions

by | August 31, 2010 7:58 am
The EUR lost ground to the USD on Monday as traders continued to have their concerns raised about the prospects of a knock on effect should the U.S. economy stumble.

GBP – Sterling Under Pressure

by | August 31, 2010 7:58 am
The Sterling once again lost value and finds itself languishing near its recent lows against the USD. There was a banking holiday in the U.K., but the GfK Consumer Confidence reading was published and had an outcome...

JPY & AUD – Bank Of Japan Under Fire

by | August 31, 2010 7:57 am
The BoJ has been met with a large amount criticism in recent days as it has proved again that it has little teeth and has not been able to defend the JPY. The Japanese currency continues to...

Crude Oil Morning Report 31/ August /2010

by | August 31, 2010 7:43 am
Through the image above, we find that a bullish wave has started after breaching resistance for the bearish short term channel that halted at 38.2% Fibonacci correction; whereas the bullish correction is moving within the minor ascending...

Major Currencies’ Morning Report 31/ August /2010

by | August 31, 2010 7:40 am
EURUSDThe pair succeeded in achieving the suggested scenario yesterday, especially after breaching support for the rising wedge and heading to the downside due to the negative pressure, in addition to the MA 50. Momentum indicators are showing...

Yen Continues to Strengthen

by | August 31, 2010 5:00 am
The Japanese yen made another bullish move against the majors as the steps taken by the Bank of Japan to weaken the yen only served to increase traders’ resolve to increase bullish bets on the Japanese currency.

Daily FX Market Review by Acetrader

by | August 31, 2010 12:08 am
Market Review – 30/08/2010 22:46 GMTThe Japanese yen rises broadly as BOJ’s easing move disappoints investors The Japanese yen strengthened against major currencies on Monday, as investors worried that BOJ’s easing measures are not aggressive enough to...