USD Continues To Lose In Divergent Markets
The USD was besieged again on Thursday and the loss in value to the EUR and GBP came on a day Wall Street suffered also.
Month: July 2010
USD/JPY 87.02 – 16 July 2010
USD/JPY Open 87.38 High 88.39 Low 86.97 Close 87.41 On Thursday Dollar/Yen continued to drop strongly, in line with the negative Interbank sentiment at nearly -5%. The currency couple depreciated from 88.39 to 87.26 yesterday, closing the...
Goldman Sachs in Depth
After the end of the medium term bullishness at the recorded top at 193.47, the shares started the downside correction which extended beyond the 23.6% Fibonacci correction, but the 38.2% stopped the downside move temporarily.
GBP/USD 1.5416 – 16 July 2010
GBP/USD Open 1.5436 High 1.5464 Low 1.5235 Close 1.5453 On Thursday Pound/Dollar continued rising with just over 200 pips, in line with the positive Interbank sentiment at nearly +20%.
Dollar Anticipates Release of U.S. Core CPI
The U.S. Core CPI is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. The other main releases that are set to dominate forex...
Crude Oil Morning Report 16/ July /2010
Crude succeeded in achieving yesterday’s scenario flawlessly by touching the awaited target around 75.65 and returned to trade above support for the previously mentioned rising wedge. The stochastic is close to showing negative signs that make us...
Major Currencies’ Morning Report 16/ July /2010
EURUSDThe pair pushed to the upside achieving yesterday’s suggested scenario that has halted around 1.2950 due to the negativity of momentum indicators. We expect the pair to attempt some minor bearish correction before resuming the expected bullish intraday...
EUR/USD 1.2904 – 16 July 2010
EUR/USD Open 1.2918 High 1.2953 Low 1.2707 Close 1.2936 On Thursday Euro/Dollar continued rising significantly. The European currency appreciated from 1.2707 to 1.2953 yesterday, not exactly matching the weak positive Interbank sentiment projection, at nearly +5%, closing...
Daily Market Outlook by AceTrader
Market Review – 15/07/2010 21:33 GMTEuro rallies above 1.2900 on weak U.S. manufacturing data Although the single currency rose from 1.2708 to 1.2765 in Asian morning after the release of China’s GDP, H1 came out first at...
GBP/JPY Elliott wave count and Fibonacci levels, July 15, 2010
GBP/JPY is now moving within longterm and intermediate uptrend. However, the intermediate trend is now being corrected, wave B is developing (colored orange red on the chart)