The Sterling has found itself doing better against the USD the past week of trading under the pronouncements by the U.K. government, which insist it will pursue austerity measures. There is little doubt that the GBP remains...
The JPY like the USD remains a magnate for safe haven investors. Asian bourses have turned in tentative and negative results like Wall Street and its effect has made the JPY a favorable avenue. Gold finds itself...
Compared with last week’s action-packed schedule, which included unexpected news of the Chinese Yuan’s move to flexibility, a dramatic UK Budget Release, and a rather dovish U.S Fed Statement, this week has started off on a relatively...
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
After a relatively calm trading week, an extremely volatile session is expected starting today. Last week, the Dollar fell against most of the majors as poor housing data weakened the greenback; however this could all change following...
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
The retest level previously shown stood around 75.75 to push crude strongly to the upside heading towards resistance for the main bullish channel at 81.70 with some expected bearish correction, due to the negativity on momentum indicators....
EUR/USD Open 1.2378 High 1.2396 Low 1.2267 Close 1.2364After partial downward correction, as expected, on Friday Euro/Dollar recorded insignificant further recovering. The European currency first dropped to 1.2267, from where it appreciated up to 1.2388 on Friday,...
Update Time: 25 Jun 2010 17:37GMT DAILY AUD/JPY CROSS OUTLOOK – +78.20+ A$’s rebound fm intra-day low of 77.01 suggestsdecline fm 80.86 has formed a temp. low there n up-side bias is seen for retrace. to 78.28.Buy...
Market Review – 25/06/2010 21:39 GMTEuro rebounds strongly as U.S. stocks and commodities advanceEuro pared its initial losses and rose on Friday as gains in U.S. stocks and crude oil boosted risk appetite while commodity-linked currencies also...
