Friday’s PMI data from Europe did nothing to warm the hearts of EUR investors. Nearly all the reports from Germany and France from the Flash Manufacturing and Services were negative and the broad European data was proven...
GBP/USD Open 1.4460 High 1.4529 Low 1.4324 Close 1.4473Pound/Dollar was held within a wide trading range last week, and showed willingness for recovery on Friday, in converse with negative Interbank sentiment at nearly -58%. The Cable traded...
The Sterling continues to be in the shadows of EUR centric crosshairs and finds itself in the weaker realms of its range versus the USD. On Friday the U.K. released Mortgage Approval data and its results proved...
The JPY is within the stronger reaches of its range versus the USD. Although economic data from Japan remains less than promising, risk adverse trading has established itself once again. With so many questions lingering over the...
USD Utter panic has spread throughout the capital markets, as it now appears that “Europe’s” problems could very well spread to the rest of the world. Investors concerns remain heightened that credit instability will push business financing...
AUDUSD: This move has been drastic. Often it is recommended to put these moves into perspective by looking at the macro picture. The AUD has fallen nearly 12 big figures in two weeks and is maintaining that...
EURUSD The pair continues its bullish movement according to our previous reports, where through the image above, we expect to reach resistance for the main descending channel after its ongoing strong stance for its support. In overall, we...
During the past week, the Euro managed to recover against most of the major currencies. However as this week began, concerns over an economic growth due to the Euro-Zone’s debt crisis have weakened the Euro. Will the...
EUR/USD Open 1.2533 High 1.2651 Low 1.2305 Close 1.2574After partial recovery, the Euro dropped on Friday with a strong downward impulse. Euro/Dollar climbed from 1.2484 to 1.2651 on Friday, and than lost all gains, in line with...
USDCAD’s bounce from 0.9930 extends to as high as 1.0749 level. Further rally is still possible next week and next target would be at 0.0850-1.0900 area. Support is now at 1.0425 followed by the rising trend line...
