Daily Forex Analysis by Finexo.com 21/05/2010
Upcoming Sessions (all times GMT) • German Ifo Business Climate(8:00)• GBP Public Sector Net Borrowing (8:30)• CAD Core CPI m/m (11:00)• CAD Core Retail Sales m/m (12:30)
Month: May 2010
GBP/USD 1.4356 – 21 May 2010
GBP/USD Open 1.4336 High 1.4458 Low 1.4243 Close 1.4356After a slight descend at the beginning of this week, Pound/Dollar was held within a wide trading range, in converse with the negative Interbank sentiment at around -68%. The...
USD – Markets In A Whirlwind
The USD lost plenty of ground to the EUR, GBP, and JPY on day in which the broad markets exhibited steep declines on international bourses. Wall Street and all the major American equity indexes plunged along with...
EUR – A Day Of Gains For Single Currency But…
The EUR found takers on Thursday and during its one day run it was able to muster enough gains to put itself at the higher end of it weak trend against the USD. The situation in Europe...
GBP – Firmer Ground For A Day
Without any major economic data released from the U.K. on Thursday, the Sterling actually found itself with better footing. The GBP was able to firm like its counterpart the EUR. As to the reason why this happened,...
JPY – JPY At The Stronger Parts Of Its Range
The JPY continues to make a push towards the strongest parts of its range against the USD. The JPY strength has come on the heels of a very anxious and risk adverse equities market. Gold has been...
Major Currencies’ Morning Report
EURUSD The pair managed to breach the neckline shown in our reports yesterday at 1.2430, while pushing towards the upside to closely near the main key target at 1.2570. This confirms natural trading within the descending channel...
EUR Resurfaces, but Will it Stick this Time?
The EUR has reemerged these past couple of trading days. Few analysts were anticipating such a rapid bounce-back in the value of the EUR by this time last week. Now, however, it seems as if this rise...
EUR/USD 1.2620 – 21 May 2010
EUR/USD Open 1.2479 High 1.2668 Low 1.2305 Close 1.2483After some hesitation, the recovery of the the Euro continued on Thursday with a strong upward impulse. Euro/Dollar climbed from 1.2305 to 1.2589 yesterday, in converse with the Interbank...
Major Currencies’ Midday Report
EURUSD The pivotal resistance level at 1.2430 held against the pair’s attempts to ascend and push it to the downside towards the main support, which currently descended towards 1.2270. As pointed in the morning report, we recommend observing...