ForexPros Daily Analysis June 3, 2010 Fundamental Analysis: US Nonfarm Payrolls Traders of the US anticipate the publication of the Nonfarm Payrolls. The data measures the change in the number of employed people during the last month...
The JPY traded lower against the USD again on Wednesday and finds itself moving towards the weaker sides of its range against the greenback. This has come on the heels of a political upheaval in Japan in...
After temporarily exiting the main ascending channel over weekly basis above, the index indulged in a downside correction which settled for the 23.6% correction supported by the 50 MA and then reversed to the upside to test...
GBP/USD Open 1.4646 High 1.4767 Low 1.4561 Close 1.4651After the good but exhausting rise, which took place earlier this week, on Wednesday Pound/Dollar corrected downward, in line with negative Interbank sentiment at nearly -33%. The Cable dropped...
Averages serve one key purpose, to smooth out price action. In so doing, it should give a trader a better feel for how to trade certain markets. We often talk about the major moving averages of 50,...
The EUR traded relatively flat yesterday against the U.S. Dollar, but it continued to trade low against the British Pound, the EUR/GBP pair is currently trading at 0.8365, after crossing below 0.8400, and reaching as low as...
Yesterday’s pivotal support was at 71.65 showing a strong stance in front of crude’s strong attempts to push upwards and attack 23.6% Fibonacci correction, which has currently turned into resistance at 73.75. Through the image above, we...
EURUSD The pivotal support mentioned yesterday at 1.2175, shown strong steadiness against the negative pressure on the pair; thereby pushing it to the upside to attack resistance for the descending channel that organizes the last bearish intraday trend. ..
EUR/USD Open 1.2237 High 1.2328 Low 1.2181 Close 1.2248On Wednesday Euro/Dollar traded hesitantly at first and with a slight increase later in the day. Euro/Dollar appreciated from 1.2181 to 1.2265 yesterday, in converse with the Interbank sentiment...
Market Review – 02/06/2010 20:48 GMTThe Japanese yen tumbles on uncertainty after Prime Minister resignsThe Japanese yen weakened broadly as the resignation of Japanese Prime Minister Yukio Hatoyama brought bearish bias on the currency while his likely...
