Crude Oil Midday Report 16/ June /2010
Crude is trading according to the suggested morning scenario and gradually heading to the awaited target at 75.75, where this descend is supported by the negative momentum over four-hour basis.
Month: June 2010
Major Currencies’ Midday Report 16/ June /2010
EURUSD The pair touched the mentioned retest level from this morning, where it is currently at 1.2290 as the four hour candlestick closing builds a base above it. Therefore, our morning expectations remain valid as far as...
Forexpros.com Daily Analysis – 16/06/2010
ForexPros Daily Analysis June 16, 2010 Fundamental Analysis: Initial Jobless Claims Traders await the US Initial Jobless Claims. It is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first...
USD – Risk Apetite Back On The Table
Risk appetite has put itself in full view in recent days and on Tuesday the USD was confronted and it lost ground to both the EUR and GBP. Wall Street turned in a good performance with solid...
EUR – German ZEW Report Not An Obstacle
The EUR gathered additional strength on Tuesday and this happened even as a rather disturbing German ZEW Economic Sentiment report came across the wires. The EUR gained versus the USD and continued to show that some investors...
GBP – Claimant Count Change Today
The Sterling like the EUR had another day of gains against the USD and this took place as inflationary data came out close to their estimates. The U.K. will publish its Unemployment Rate and Claimant Count Change...
JPY – The Yen Trades Lower Again
The JPY lost a touch of additional ground to the USD on Tuesday as Asian bourses once again mirrored their global counterparts. Investors have pushed the JPY to losses the past few sessions and this has clearly...
DAX In Depth
The index managed to return to the upside wave after it settled for the 23.6% correction supported by the 50 MA as seen over weekly basis above. The index set consecutive daily closing above the support for...
Silver In Depth
Silver continues to trade steadily within the medium term ascending channel shown over daily basis below; within this channel a minor ascending channel is organizing the movement over short term basis, where silver recently reached it support...
GBP/USD 1.4794 – 16 June 2010
GBP/USD Open 1.4796 High 1.4833 Low 1.4695 Close 1.4803After some hesitant movements, on Tuesday Pound/Dollar continued recovering, in converse with negative Interbank sentiment at around -21%. The Cable appreciated from 1.4549 to 1.4833 yesterday, closing the day...