ForexPros Daily Analysis June 21, 2010 Fundamental Analysis: Existing Home Sales Traders of the US look forward to the publication of the Existing Home Sales. It measures the annualized number of existing residential buildings that were sold...
USD/JPY Open 90.41 High 91.38 Low 90.23 Close 90.66On Friday Dollar/Yen continued the main decreasing trend, in line with the Interbank sentiment at around -60%. The currency couple depreciated from 90.93 to 90.54 on Friday, closing the...
The pair rushed strongly to the upside breaching the resistance for the descending channel which constructed the downside correction over short term basis seen over daily basis above.
With a lack of important economic data from the States on Friday the USD traded weaker against both the EUR and GBP to close out the week. Wall Street continued to trade in a timid fashion as...
European economic data remained light on Friday and the EUR was able to push higher again. The Spanish Bonds auction went well closing out the week, which may have helped investor sentiment and European equities continued to...
The Sterling continued to follow the EUR’s lead and trade better against the USD. The GBP has picked up ground versus the Greenback as risk sentiment has continued rise. The U.K. released a better than expected Prelim...
The JPY continues to lean towards the stronger side of its value against the USD in what has been consistently risk adverse trading. Asian bourses have reflected their American counterparts producing cautious gains on a lack of...
GBP/USD Open 1.4837 High 1.4932 Low 1.4773 Close 1.4817After the deep correction last Thursday, on Friday Pound/Dollar recovered partially, in converse with negative Interbank sentiment at around -25%. The Cable appreciated to 1.4883 on Friday, than dropped...
The Euro rose to a four week high against the USD and the Australian Dollar jumped more than 1% this morning, as news flooded the market that China would give the Yuan more flexibility. Beijing announcement to...
Analysts have begun to make positive statements regarding China’s latest announcement that it may consider an easing of the rigidness of their monetary policy. This could result in the Chinese yuan being allowed to appreciate normally and...
