GBP/USD Open 1.4664 High 1.4767 Low 1.4446 Close 1.4647On Tuesday Pound/Dollar continued recovering with a strong upward impulse, in converse with negative Interbank sentiment at around -38%. The Cable climbed from 1.4446 to 1.4706 yesterday, closing the...
Every trend goes through a period of consolidation or burn out. The simplest way to identify consolidation is to observe when prices action move sideways instead of directionally up or down.
Crude traded yesterday in a sharp manner, where it managed to ascend and then drop helping mixed trades to return by touching 75.35, which show strong resilience in front of crude’s strong upside movement. Currently, signs of...
EURUSD The pair is fluctuating sharply to retest the breached level once again, accompanied by negative signs appearing through momentum indicators; pointing to a bearish intraday trend shown in yesterday’s reports that we recommend reviewing. The first required...
Continuing market uncertainty and Euro declines helped support Gold prices as investors turn to the metal as an alternative safe haven investment. Gold levels were further supported by positive economic data from the U.S on the one...
EUR/USD Open 1.2233 High 1.2328 Low 1.2117 Close 1.2228After the the quiet trading on Monday, yesterday Euro/Dollar traded with a decrease. Euro/Dollar depreciated from 1.2310 to 1.2117 on Tuesday, in line with the Interbank sentiment projection, at...
Market Review – 01/06/2010 21:41GMTEuro ends mixed after rebounding from a fresh 4-year low on solid US dataDespite trading narrowly in NZ/AUS following U.S. holiday on Monday, euro came under renewed selling pressure on Tuesday, the single...
Crude is flawlessly heading to the suggested morning scenario but with a 10 point difference from the awaited key target at 71.55. Crude is currently bullishly correcting for the sharp bearish wave that had occurred this morning,...
EURUSD The pair settled for 23.6% correction were it built the base after the level turned into resistance from where the pair sharply fell, achieving the awaited key targets for today near 1.2100. An expected minor retest...
ForexPros Daily Analysis June 1, 2010 Fundamental Analysis: PPI European traders anticipate the publication of the Producer Price Index on June 2nd. The PPI is an inflationary indicator that measures the average change in selling prices received...
