Hang Seng in Depth
The index is trading steadily within the descending channel which is controlling the downside correction since the recorded temporary top over medium term basis at 23107.
Month: July 2010
GBP/USD 1.5255 – 15 July 2010
GBP/USD Open 1.5266 High 1.5293 Low 1.5181 Close 1.5268 On Wednesday Pound/Dollar continued the upward impulse with just over 100 pips, in line with the positive Interbank sentiment at nearly +20%. The Cable appreciated from 1.5181 to...
Major Currencies’ Morning Report 15/ July /2010
EURUSDThe pair continued its upside trend yesterday touching resistance for the bullish channel once again that meets with 50% Fibonacci correction. Momentum indicators are still showing negative signs that maintain chances of a minor bearish correction intact,...
Crude Oil Morning Report 15/ July /2010
Crude continues to fluctuate around resistance for the rising wedge shown in our report yesterday while managing to stabilize below it. The stochastic is heading to the downside as the RSI is showing clear overbought signs; thus,...
Weak U.S. Retail Sales and Slowing Growth Shake Markets
Despite enthusiasm over the start of earnings season markets paired gains yesterday. Retails Sales in the U.S. came in lower than expected for the second consecutive month. Investors responded by sending equities lower. In the currency markets...
EUR/USD 1.2736 – 15 July 2010
EUR/USD Open 1.2740 High 1.2773 Low 1.2681 Close 1.2742 On Wednesday Euro/Dollar traded quietly and within a nearly 100 pips range. The European currency appreciated from 1.2681 to 1.2773 yesterday, matching the weak Interbank sentiment projection, at...
Daily Market Outlook by AceTrader
Market Review – 14/07/2010 21:55 GMTDollar falls against yen after dovish FOMC minutes, euro rises to a fresh 2-month high Although the greenback rose initially against the Japanese yen on bullish market sentiment after U.S. computer chip...
Major Currencies’ Midday Report 14/ July /2010
EURUSDThe pair is trading within a narrow sideway range since this morning while negative momentum is still appearing on the four-hour chart below. There is no mentionable change and therefore morning expectations will remain intact if we do...
Crude Oil Midday Report 14/ July /2010
Crude touched the awaited resistance level at 77.00 as it starts to achieve some downside movement. The stochastic also has started its bearish trend, thus supporting morning expectations. We still expect a bearish trend over an intraday basis...
Forexpros.com Daily Analysis – 14/07/2010
ForexPros Daily Analysis July 14, 2010 Fundamental Analysis: Initial Jobless Claims Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week....