JPY – Well Practiced Range Seen
As if participating in a well rehearsed play, the JPY lost ground to the USD as international equity markets began to climb and risk appetite came into the broad markets. The currency pair has been a good...
Month: June 2010
Nasdaq In Depth
The index started a downside correction after breaching the support for the medium term bullishness and temporary halted the move at 23.6% correction to rebound due to oversold signs and positive crossover on Stochastic over daily basis...
GBP/USD 1.4693 – 11 June 2010
GBP/USD Open 1.4704 High 1.4743 Low 1.4511 Close 1.4713On Thursday Pound/Dollar continued climbing, in converse with negative Interbank sentiment at around -44%. The Cable appreciated from 1.4398 to 1.4719, closing the day at 1.4713. Today increasing extended...
Crude Oil Morning Report 11/ June /2010
Crude reached the full targets suggested yesterday and was unable in stabilizing above the more critical resistance over short term basis at 75.75 affected by the resistance for the ascending channel over intraday basis at 69.50. Those...
Major Currencies’ Morning Report 11/ June /2010
EURUSD The pair respected yesterday’s expectations and halted the move at the resistance for the descending channel which declined to 1.2120. Momentum indicators show overbought signals, and in addition to the mentioned resistance and 61.8% correction, we...
EUR/USD 1.2102 – 11 June 2010
EUR/USD Open 1.2104 High 1.2142 Low 1.1958 Close 1.2126On Thursday Euro/Dollar continued to recover as expected. The European currency appreciated from 1.1958 to 1.2142 yesterday, in converse with the Interbank sentiment projection, at nearly -10%, closing the...
EUR/USD Spiked after Positive News in China and Europe
The EUR/USD pair kicked off during yesterday’s trading session for a second consecutive day this week. Investors turned to buying the Euro after positive economic news in China. The pair received further support by Bernanke, who stated...
Daily Market Outlook by AceTrader
Market Review – 10/06/2010 21:34 GMTEuro rallies on optimism over global economic recoveryEuro surged as strong demand for Spanish bonds eased worries if the country could fund its debt in the market while a sharp rise in...
The US stock market review for 09/06/2010
The US stock indices fell on Wednesday after the worries about the global economic growth had refreshed. Dow Jones Industrial Average index dropped by 40.73 points, or by 0.41%, to 9899.25. Nasdaq Composite index lost 11.72 points,...
Crude Oil Midday Report 10/ June /2010
Crude retested 74.15 and head to the upside activating the morning suggested scenario supported by the 100 MA from below. The intraday expectations are to the upside today towards targets starting from 75.75 which requires stability above...