Market Review – 14/06/2010 21:26 GMTEuro pares gains after Moody’s downgrades Greek bonds to junk levelThe single currency initially traded with a firm undertone on Monday as euro surged above last Friday’s high of 1.2153 to 1.2208...
Crude pushed strongly to the upside revisiting resistance for the short term trend at 75.75, carried by the minor ascending channel appearing through the image below.
EURUSD The Pair rushed to the upside after building a base on 1.2160 while currently touching the resistance for the minor ascending channel that organizes the current intraday upside move. Momentum indicators are showing overbought signs that...
ForexPros Daily Analysis June 14, 2010 Fundamental Analysis: German ZEW Economic Sentiment European traders await the publication of the German ZEW Economic Sentiment. It determines the sentiment of German institutional investors. Above 0 indicates optimism while below...
USD/JPY Open 91.69 High 92.11 Low 91.28 Close 91.60Last week Dollar/Yen traded within a range and with upward incline at the end of the week, in converse with the Interbank sentiment at nearly -60%. The currency couple...
Gold continues to trade within the short term ascending channel shown above with signs of a continuation bullish pattern with the neckline at 1254.00. The 50 Days MA supports the short term bullish channel, and after the...
The USD essentially traded in range on Friday as the currencies moved in a rather tentative manner. The U.S. released its Retail Sales statistics and the outcome was negative. A result of minus -1.1 was produced by...
The EUR has enjoyed a few trading sessions with relative stability and on Friday it was able to hold onto its gains against the USD. The Single Currency still finds itself at the lower depths of its...
The Sterling continued to find stability on Friday even as another dose of poor U.K. economic data was published. The Manufacturing Production and Industrial Production figures turned in negative results with a matching decline of minus -0.4%.
The JPY lost ground to the USD on Friday as traders continued to show a tad more risk appetite within the Asian equity markets reflecting their global counterparts. The JPY and USD remain in a well practiced...
