IBEX_35 In Depth
The index is trading an ascending channel since mid year which represents the medium term bullish trend. Yet, since rebounding from the channel’s support on August 25, the index did not surpass the middle line for the...
Category: Daily Forex Reports
Dollar Falls to a 5-Month Low
The US dollar reached its lowest level against the euro in five months Wednesday, as investors anticipated a Federal Reserve move to boost the ailing economy by renewing spending policies.
Major Currencies’ Morning Report 30/ September /2010
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
Crude Oil Morning Report 30/ September /2010
Crude succeeded in achieving yesterday’s suggested scenario flawlessly, where it is currently showing a bearish reversal due to the negativity of momentum indicators; therefore, making us expect some bearish correction that could build a base on 76.80...
EUR/JPY Technical Analysis
EUR/JPY failed on the 114.00 resistance which could bring the pair back to 108.00 minimum.We are evolving in a trading range since May 2010 and it shouldn’t break through it for the time being.
Daily FX Market Outlook-30-9-2010 by AceTrader
Market Review – 29/09/2010 23:04 GMTDollar falls to 5-month low against euro on speculation of Fed’s further easingThe single currency rose to a fresh 5-month high against the dollar on Wednesday as recent weak U.S. economic data...
The technical analysis of USD/CAD for September 29, 2010
On a 4-hour chart, the USD/CAD currency pair shows high volatility. At present, the viewpoint is neutral. As it was mentioned before, the fact that the USD/CAD has broken through the resistance level of 1.0360, probably means...
Forex-Metal Daily Analysis – 29/09/10
The general weakening of the greenback continued as the negative US data was released. Asian and European trading sessions: Euro: During the morning trading the euro continued to be around its 5-months maximum against the greenback. But...
Forexpros.com Daily Analysis – 29/09/2010
ForexPros Daily Analysis September 29, 2010 Euro Dollar Yesterday, we said “the Euro has 2 choices, not 3: either it breaks 1.3509, or it collapses”, and indeed the Euro did break 1.3509 and reached our first suggested...
Copper In Depth
Copper continues to trade within the main ascending channel organizing the general upside wave which started from 125.35 and was stopped temporarily at the recorded top of 365.50 on April 04, 2010 for a downside correction which...