ForexPros Daily Analysis December 27, 2010 I will be posting this week but will be looking at the market in broader terms since light volume tends to make trading setups more volatile in shorter timeframes.
Markets were relatively muted in overnight trading, as a lack of news events have created a low liquidity environment. Still, there were some erratic price movements to start of the week. The EUR/USD pair once again dropped...
USD Index chart USDX situation remained actually unchanged in comparison with previous week’s one. It consolidated in a price range between 80.31 and 80.82, forming rectangular price pattern. As rectangular is a trend continuation pattern we are...
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...
