May 2010 – Page 8 – Forex Market Analysis

Fractal analysis and trading recommendations for EUR/USD

Dear Traders, As for the EUR/USD, we are continuing to observe a rising since May 19 structure, although the price at the moment is close to the level of its abort. Forecast for May 25:

JPY – Flight To Quality = Stronger Yen

As Asian bourses continued to reflect the unimpressive results in other international equity markets, the JPY was bolstered by risk adverse traders. The Yen now finds itself touching the strongest parts of its range versus the USD...

GBP – Revised GDP Could Bring Impetus

The Sterling continues to languish against the USD. There were no major economic reports on Monday and the GBP essentially mirrored the declines of the EUR. Today the Revised GDP figures will be released from the U.K....

EUR – Spanish Banks Now In Focus

There was no major economic data released on Monday from the E.U., but this didn’t stop the EUR from being the focus of investors worldwide. The Sovereign Debt crisis has now in essence become an issue which...

USD – Market Sentiment Remains Nervous

The USD continued to gain against both the EUR and GBP on Monday in what amounted to a replay in many respects of recent trading sessions. A flight to quality by investors has been the overwhelming decision...

Market Pulse: GBPUSD

The pair continues under negative pressure breaching 76.4% correction for the entire medium term bullish wave which started from 1.3653 to 1.7041, structured within the main descending channel over daily basis.

GBP/USD 1.4304 – 25 May 2010

GBP/USD Open 1.4407 High 1.4525 Low 1.4310 Close 1.4423Pound/Dollar started this week with a slight decrease, in line with negative Interbank sentiment at around -55%. The Cable traded with depreciation yesterday, dropping from 1.4525 to 1.4353, closing...

Month: May 2010