EUR/USD The Euro rose briefly against the Dollar on Tuesday, after China lowered the Dollar/Yuan reference rate. However the Euro’s rally was short lived as the Yuan fell on apparent Dollar-buying from Chinese banks.The euro dipped 0.1...
USDCHF: We have been talking about this pair for sometime in light of its recent move against the Greenback. Analyzing a 4hr chart we see a great Head and Shoulders pattern appear signaling this move. The longer...
The EUR/USD pair almost touched $1.2500 during yesterday’s trading session, but declined sharply thereafter, following a rating downgrade. Fitch Ratings’ downgraded French banking giant BNP Paribas from AA to AA-. The move increased analysts’ concerns about the...
Crude was unable to currently breach 61.8% Fibonacci correction, where it bearishly reversed to fluctuate around support for the bullish intraday channel with attempts at breaching and targeting the broken 50% Fibonacci correctional level that has turned into...
EURUSD The negative pressure on the pair yesterday has caused the breach of pivotal support levels starting from the bullish channel and passing by the retest of the previously broken neckline at 1.2330. SMA 50 has stopped the pair’s...
EUR/USD Open 1.2315 High 1.2485 Low 1.2285 Close 1.2312After partial continuation of the upward recovery, on Monday Euro/Dollar started correcting downwards. The European currency depreciated from 1.2485 to 1.2305 yesterday, in line with the Interbank sentiment projection,...
Usually the most important factor in the value of a currency is the interest rate environment in that country.
Market Review – 21/06/2010 22:38 GMTEuro falls as optimism fades from China’s currency moveThe single currency rallied to a high as 1.2490 in the NZ session on Monday due to improved risk appetite after weekend’s announcement by...
Crude ascended gradually since this morning, where it neared the awaited support around 79.00 but is finding difficulty in surpassing 61.8% Fibonacci correction due to the negativity from momentum indicators as shown above. No change is detected...
EURUSD The pair bearishly reversed due to negative pressures from momentum indicators over four-hour basis shown above, trading is still within the minor bullish channel while we await it to carry the pair to touch the resistance...
