AUD USD In Depth
The 38.2% correction held against the pair’s downside correctional attempts as seen on the daily chart below. The pair rushed to the upside to retest the breached neckline for the bearish pattern at 0.8605.
Month: June 2010
USD – Tentative Results For Investors
A mixed day of trading greeted investors entering Monday’s broad markets. The USD traded to the weaker side of its range against the EUR and GBP, but still maintained its better values achieved over the past month....
EUR – Cohesive Plan Or Just Rhetoric?
The EUR continued to trade firm on Monday and this came as Sovereign Debt related news did make its way into the public domain. Spanish bond yields did increase yesterday on rumors that the Spanish government would...
GBP – Challenging Economics For U.K.
The Sterling had another day of rather good trading as it gained against the USD. The RICS House Price Balance figures turned in a better than estimated figure of 22% compared to the forecast of 16%. Today...
JPY – Risk Adverse And In Range
The JPY gained on the USD in what has become a time honored risk adverse trade. Meaning that as the Asian bourses moved in a weary manner due to mixed results coming from other international equities, the...
Support & Resistance Levels
USDCAD: This continues to be an interesting pair to watch as many technicians believe the price action on the CAD will be a leading indicator for the rest of the G-7. Here are the Support & Resistance...
Crude Oil Morning Report 15/ June /2010
Crude continues trading within the bullish intraday channel shown above, after it has halted crude’s pivotal neckline 75.75 from attempting to breach it and achieve more upside movement since yesterday.
Major Currencies’ Morning Report 15/ June /2010
EURUSD The pair started its gradual descend naturally within the upside intraday channel shown yesterday, in an attempt to build a base on its support level around 1.2160 currently.
Dollar Tumbles as Investors Turn to Riskier Assets
The Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may...
EUR/USD 1.2202 – 15 June 2010
EUR/USD Open 1.2213 High 1.2298 Low 1.2115 Close 1.2220On Monday Euro/Dollar continued recovering, as expected. The European currency appreciated from 1.2115 to 1.2298 yesterday, in converse with the Interbank sentiment projection, at around -8%, closing the day...