The JPY continued to pick up momentum on Tuesday as risk adverse trading in Asian bourses mimicked their global counterparts and spiraled lower. The JPY finds itself in the stronger realms of its value versus the USD...
GBP/USD Open 1.5052 High 1.5120 Low 1.5018 Close 1.5060On Tuesday Pound/Dollar continued trading hesitantly and within a narrow range, in line with negative Interbank sentiment at only around -13%. The Cable depreciated from 1.5120 to 1.5018 yesterday,...
EUR/USD On the Daily Chart, we seem to have run out of steam on the upward climb from June 6th thru June 20th. As we corrected down from the June 20th HI at 1.2470, price has now...
The U.S currency rose Tuesday, extending gains, adding to investors’ desire of safe havens amid worries over global growth prospects, this time stemming from data in China and concerns about the health of European banks.
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...
Crude respected yesterday’s scenario, stabilizing around the pivotal level at 75.75. Crude’s stability below this level signals the likelihood for further bearish movement, with a bearish pattern seen with the neckline at yesterday’s recorded bottom of 75.20.
Market Review – 29/06/2010 21:36 GMTEuro falls broadly on European debt woes and recovery fearsEuro tumbles broadly on Tuesday as fears over eurozone financing weighed on the single currency and global equities. European banks on July 1...
Crude succeeded in breaching awaited morning support at 77.20 to activate the bearish trend’s scenario and is nearing the first key target at 75.75. From here, morning expectations will remain intact as we could witness some fluctuation to...
EUR USD The pair was able to breach the support mentioned this morning at 1.2210 activating the bearish scenario; therefore, we expect a bearish direction for today, where its key targets are around 1.2070 and require stability below...
The USD gained on the EUR on Monday as trading sentiment in the currencies showed divergence, this because the GBP continued to perform relatively well against the greenback. Wall Street turned in another flat performance as investors...
