USD/JPY Open 89.96 High 90.64 Low 89.82 Close 89.90Dollar/Yen traded neutrally on Wednesday, in converse the Interbank sentiment at around -33%, than recorded recovery. The currency couple slightly depreciated from 90.64 to 89.82 yesterday, closing the day...
Overview:As it was expected, a sell signal targeted to 1,1716 had formed. For the moment the signal is confirmed and solid as the price has managed to fixate below the Ishimoku cloud and the Chinkou span is...
The USD experienced a wide trading pattern on Wednesday as it started the day in a weaker mode, but finished on the stronger side of its range. Caution was again the byword surrounding investors who clearly remain...
The EUR proved on Wednesday that it can still produce gains versus the USD, but it also proved that it remains vulnerable. The economic data released from Europe yesterday did little to strengthen sentiment among those backing...
The Sterling traded largely in range against the USD on Wednesday. Data released from the BBA Mortgage Approvals proved negative with a number of 35.7k, below the estimate of 37.6k. The U.K. continues to publish mixed data...
The JPY and USD pair danced again within a tight consolidated pattern as investors refused to shake off the safe haven status that both currencies enjoy. The JPY continues to find strength as questions and fears resonate...
The daily chart above shows how trading for the pair has been constructed within the ends of a bullish “Falling Wedge” pattern; the pair is approaching its resistance at 1.6800 though by assessing momentum indicators we can...
ForexPros Daily Analysis May 27, 2010 Fundamental Analysis: Chicago PMI Traders of the US anticipate the publication of the Chicago PMI. The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region.Any...
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GBP/USD Open 1.4381 High 1.4535 Low 1.4337 Close 1.4386Pound/Dollar traded hesitantly on Wednesday, in converse with negative Interbank sentiment at nearly -59%. The Cable was moving within the narrow 1.4337 – 1.4448 range, closing the day at...
