The sterling increased as the positive UK economic activity was released. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3900-$1,3980. US Dollar: On Tuesday the greenback showed stabilization against the euro....
EURJPY The EURJPY continues to slide, and has settled into a descending trading channel. Today’s tag of the upper channel line was marked with a doji candlestick, followed by a strong drop down.
During the beginning of the previous trading week the greenback gained some strength against the background of the euro weakening. Expectations for the release of the Euro-zone fundamentals, which were planned to be published on Tuesday, pressured...
ForexPros Daily Analysis October 25, 2010 Forex Analysis For GBP/USD and GBP/JPY 1) Forex Trading Signal For GBPJPY Forex Trend Analysis The overall trend for this currency pair is DOWN for the week Forex Technical Analysis
GBPUSD formed a cycle top at 1.6105 level on daily chart. Pullback to 1.5400 is expected in a couple of weeks. However, the price action from 1.5997 is more likely consolidation of uptrend from 1.4230, as long...
The Beige book report showed moderate US economy growth. Asian and European trading sessions: Euro: On Wednesday the EUR/USD rate grew and reached the $1,3856 level. US Dollar: The expectations for the release of the Beige book...
The risk appetite grew again. Asian and European trading sessions: Euro: Expectations for the release of the Euro-zone fundamentals, which should be published tomorrow, pressured the euro. According to the forecasts, the Euro-zone ZEW survey (economic sentiment)...
The greenback was under serious pressure during the whole week and the EUR/USD pair has reached new maximums. On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion,...
GBPUSD continues its upward move from 1.5296 and the rise extended to as high as 1.6105 level. Key support is now located at 1.5755, as long as this level holds, uptrend is expected to continue and next...
Positive Asian economic data supported the risk appetites. Asian and European trading sessions: Euro: Expectations for the release of the strong European statistics pushed the EUR/USD rate to the maximums of $1.3982. The Euro-zone industrial production indeed...
