EURUSD The pair breached resistance for the bullish channel that has currently turned into support at 1.2775, shown in the image above. Momentum indicators are still moving in overbought areas, but the stochastic is showing positive crossover...
Crude is fluctuating around the mentioned morning resistance level that is currently moving to the upside towards 77.40, while the four hour candlestick closing is below it. Morning expectations will remain intact although we might witness some fluctuation...
The Dollar continues to remain under extensive selling pressure as it is becoming increasingly apparent that the U.S economic recovery may be slowing down.
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USD/JPY Open 88.27 High 89.10 Low 87.85 Close 88.43 After an insignificant continuation of the upward impulse, on Wednesday Dollar/Yen began a sharp decrease, loosing all gains from the previous day, in line with the negative Interbank...
ForexPros Daily Analysis July 15, 2010 Fundamental Analysis: Core CPI The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy.The CPI measures price change from the perspective...
The USD essentially traded in range on Wednesday as caution seeped into the broad market place. Wall Street was not able to maintain its momentum from the first two days of trading this week and experienced a...
The EUR encountered headwinds on Wednesday after the previous day’s rather strong gains. The Industrial Production data for Europe was released yesterday and produced a gain of 0.9%, which was below the forecast of 1.2%.
The Sterling was able to maintain its gains on Wednesday against the USD. The Claimant Count Change was published yesterday and was slightly better than anticipated. The data will remain rather quiet the next two days and...
The JPY gained against the USD as Asian bourses turned negative and investor sentiment moved quickly towards a risk adverse flavor. Gold traded in a rather consolidated manner and remains around 1213.00 USD per ounce.
