EURUSD The pair is fluctuating within the narrow range yesterday and gradually nearing the retesting level for the previously broken support that has currently turned into resistance at 1.2010. Stochastic started to turn negative and thereby encouraging us to...
Market Review – 07/06/2010 21:46 GMTEuro hovers near a fresh 4-year low on weakness in U.S. stocksEuro extended Friday’s decline and fell to a fresh 4-year low at 1.1876 in Asian morning after breaching Friday’s low made...
Crude surpassed the gap from this morning to retest the previously breached neckline around 71.60. Morning expectations remain intact shown in our weekly report, where a bearish trend is expected in overall; targets start aroun d 69.15 and...
EURUSD The pair moved upwards to retest 1.2040 shown in our weekly report. Our previous expectations will remain intact in the overall predicted bearish direction today; targets start at 1.1900 and require four-hour closing below 1.2040 to...
ForexPros Daily Analysis June 7, 2010 Fundamental Analysis: Nationwide Consumer Confidence – GBP European traders look forward to the publication of the UK Nationwide Consumer Confidence. It measures the level of consumer confidence in economic activity. It...
USD/JPY Open 91.04 High 92.85 Low 92.05 Close 91.93On Friday Dollar/Yen made a sharp decline, in line with the Interbank sentiment at almost -50%. The currency couple depreciated from 92.85 to 91.41 on Friday, closing the week...
A wave of safe haven trading hit the broad markets on Friday and within its torrent the USD gained swiftly against the EUR and GBP. Wall Street found itself sharply lower too. Cautious trading turned into a...
A new act in the theater of the absurd for the EUR erupted on Friday when Hungarian officials publically said that they might have a difficult task meeting debt obligations. Hungary does not use the EUR but...
The Sterling found itself under the dark shadows of a EUR centric downturn on Friday. While the GBP did not lose quite the same percentage that the EUR lost to the USD, the Sterling nonetheless was under...
The JPY got stronger against the USD as risk adverse trading took hold of investors. Asian bourses traded significantly lower reflecting the declines of other international equity markets. The JPY and USD are clearly favorites among safe...
