Being contained by 1.3738 previous high resistance, EURUSD pulls back from 1.3721, suggesting that a short term cycle top is being formed. Consolidation below 1.3738 level is expected in a couple of week and the pullback could...
Oil prices reached over $59.50 a barrel yesterday, an increase of a whopping 4%. It seems that the OPEC production cuts have worked. Traders should also take into account that the Crude prices were also fueled yesterday...
Today the U.S. economy is going to be in the driver’s seat of today’s market, whilst the Euro-Zone currency will take more of a backseat. Traders should pay close attention to the U.S. unemployment data and President...
EURO/USD is expected to swing and rise for the day; EURO has made the higher level consolidation and made the drop as expected from 1.3721 to 1.3556 area yesterday.Today the trading range during Japanese session is 1.3526-1.3600....
Growing optimism about the easing of the financial crisis is leading trading. Pay attention today to the releases of the Core Retail Sales and Crude Oil inventories to see if the trend continues. Positive news from the...
EURO /USD to make volatile moves for mid week. EURO/USD made the firming up moves towards close of US session yesterday as expected. Today EURO opened nominally up during start of Japanese session setting the high as...
USDJPY breaks below the support of the rising trend line from 93.53 to 95.62. Deeper decline to test 95.62 level is possible later today, a break below this level will signal deeper decline to test 93.50 key...
EURO/USD – Volatile moves expected to lead to further rise. EURO/USD made the expected correction yesterday. Today it has formed the high (1.3616) and low (1.3564) during early Japanese session. It is expected to make volatile moves...
EURO/USD is expected to swing and slide for a day. EURO after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid...
Last week may have signaled a change in the Dollar’s value against the major currencies. If you remember, the EUR/USD was traded almost at the 1.6000 level before the financial crisis outburst, and once it did, the...
