The EUR has found itself in stagnant territory much of this week, reflecting the general sentiment which surrounds the E.U. economic environment. Data from the E.U. continues to highlight poor outcomes.
The Sterling has done better this week with a backdrop of strong austerity measures being sought by the U.K. government. There will be no major economic data today from England, but it will be the sentiment perhaps...
The JPY finds itself on the stronger sides of its safe haven range against the USD going into today’s final trading session. Risk appetite in the Asian bourses has been struggling most of the week reflecting global...
Recently, the pair has been showing volatility as after the breakout of the neckline showed in our previous reports around 0.8605, Fibonacci 38.2% correctional level halted the short-term downside trend which took the pair to the upside...
GBP/USD Open 1.4926 High 1.5003 Low 1.4917 Close 1.4935On Thursday Pound/Dollar traded hesitantly, in converse with negative Interbank sentiment at around -18%. The Cable was moving within the 1.4917 – 1.5003 range yesterday, closing the day at...
Crude was pushed to the upside according to yesterday’s suggested scenario, although the pivotal resistance has halted around 76.80 as a strong barrier in front of more bullish movement; thus retesting the previously breached neckline that has...
EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
The U.S. dollar traded well against riskier currencies like the AUD and loonie in overnight trading, but at the same time, took some losses on currencies like the yen and euro. Investors are trying to digest the...
EUR/USD Open 1.2318 High 1.2379 Low 1.2261 Close 1.2331After partial downward correction, as expected, on Thursday Euro/Dollar recorded insignificant further recovering. The European currency first fropped to 1.2261, from where it appreciated 1.2379 yesterday, in line with...
Market Review – 24/06/2010 21:45 GMTDollar falls against euro and yen on Fed’s cautious US outlookThe greenback remained under pressure versus the Japanese yen on Thursday as traders sold the pair after Fed turned cautious on U.S....
