Market review for 6 – 10.08.2012
USDCHF is in uptrend from 0.8931, the pullback from 0.9971 is likely consolidation of the uptrend. Another fall to 0.9500 area to completion the consolidation is expected over the next several days. Key resistance is at 0.9971,...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
There has been a steady barrage of conflicting information about the euro during the past week. The euro market was deflated after the ECB President Draghi’s press conference, but quickly reversed once Spain announced there was a...
Technical analysis for 8.08
Market review for 30.07 – 3.08.2012
USDCHF remains in uptrend from 0.8931, the fall from 0.9971 is treated as consolidation of the uptrend. Deeper decline would likely be seen next week, and the target would be at 1.0500 area. Key resistance is at...
Market review for 01.08.12: The Fed of U.S. did not announced any new steps for supporting the National economy.
Market review for 31.07.12: The unemployment rate of Japan unexpectedly fell in June.
Market review for 30.07.12: The markets in anticipation of the ECB and Fed of U.S. meetings.