AUDUSD’s upward move from 0.9537 extended to as high as 1.0064 level. Further rise towards 1.0182 previous high is still possible next week. Support is at 0.9900, as long as this level holds, uptrend could be expected...
GBPUSD’s downward move from 1.5910 extended to as low as 1.5356 level. Deeper decline to test 1.5296 key support is expected next week, a breakdown below this level will confirm that the long term uptrend from 1.4230...
EURUSD has formed a cycle top at 1.3497 level on daily chart. Deeper decline is expected next week and next target would be at 1.2800 area. Initial resistance is at 1.3200 followed by 1.3350, only break above...
On a 4-hour graph the GBP/USD has bounced off of 1.5355. Nevertheless, the viewpoint on this pair is still bearish as the downtrend still remains. Earlier the pair dropped sharply after it failed to break out the...
Crude futures hit a two-year high Thursday, reaching above $91 a barrel as several economic data releases from the U.S offered a brighter economic outlook for the world’s largest oil consumer.
Market Review – 23/12/2010 21:27 GMT Euro rebounds vs dollar on short-covering The single currency ratcheted higher from Wednesday’s NY low of 1.3078 to 1.3152 on short-covering but euro retreated sharply and fell to 1.3055.
USD/CHF: Generally speaking the pair is moving aside. During the 22-12-2010 session, an important support at 0.9550 …USD/CAD: As for USD/CHF, the pair here is moving aside as well. About a week ago, the pair started an...
GBPUSD is currently in a rather short-term upward correction moving in a range of yesterday’s low the level of 1.5359 to Fibonacci retracement the level of 1.5438.
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...
A decline in US oil stockpiles by 5.3M barrels led to a steady rise in Crude Oil prices yesterday. As of this morning, the price for a barrel of crude was trading at $90.65. Analysts have forecast...
