EUR USD The pair breached the awaited resistance at 1.2045 though hit the 50 MA which restricted the upside movement. Our suggested intraday scenario was activated and the pair is now retesting the breach. Our expectations remain...
ForexPros Daily Analysis June 10, 2010 Fundamental Analysis: Core Retail Sales Traders of the US await the Core Retail Sales publication. It is a monthly measurement of all goods sold by retailers based on a sampling of...
Once again the USD traded within a range bound consistency, but did lose some ground to the EUR and GBP. Wall Street struggled on Wednesday and this occurred with little in the way of economic data.
The ECB will be thrown directly into the EUR debate this afternoon. The EUR traded stronger against the USD on Wednesday, but remains in a weak trend versus the Greenback.
The Sterling managed to pick up some ground against the USD on Wednesday before going into today’s Bank of England policy meeting. There will be absolutely no interest rate change from the U.K. today, but investors will...
The JPY gained against the USD on Wednesday under another wave of risk adverse trading leading up to today’s risk events from Europe and the United States.
After the sharp decline that took the euro below 1.19 areas, the pair is reversing to the upside in correction powered by positive momentum signals. The current incline takes the pair to retest the previously breach critical...
The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...
GBP/USD Open 1.4543 High 1.4618 Low 1.4398 Close 1.4530On Wednesday Pound/Dollar resumed climbing, in converse with negative Interbank sentiment at around -46%. The Cable appreciated from 1.4398 to 1.4605, closing the day at 1.4530.
After a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S.
