EUR – Greece Back Into The Bond Market
The EUR has given back some of its gains made earlier last week and has traded in range for a couple of days now. Without much in the way of economic data from the European Union yesterday...
Month: July 2010
GBP – U.K.’s Economic Prospects Under Question
The Sterling has run into a headwind the last couple of sessions after doing well the past two weeks. The U.K. released their delayed Final GDP report on Monday and it met expectations, but it added that...
JPY – Japanese & Chinese Stock Markets Remain Nervous
The JPY has languished within a rather consolidated range the past week and this has come about as Asian bourses have produced rather bumpy results. The Japanese and the Chinese stock markets continue to display a tangible...
Will The U.S. Trade Balance Report Support The Dollar Today?
Due to renewed concerns regarding the Euro-Zone’s debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. However, what will determine the direction of the Dollar...
Crude Oil Morning Report 13/ July /2010
Crude breached the critical support awaited yesterday at 75.15 and stabilized below it. Momentum indicators are trending lower and accordingly we expect an intraday downside move today further expected with stability below the 50 MA; targets start...
Major Currencies’ Morning Report 13/ July /2010
EURUSDThe critical support area of 1.2545 held against the pair supported by the 50 MA and positive momentum on Stochastic. Therefore, we see the likelihood for an intraday upside move targeting the channel’s resistance at 1.2750; nonetheless, we...
EUR/USD 1.2597 – 13 July 2010
EUR/USD Open 1.2587 High 1.2647 Low 1.2554 Close 1.2593 On Monday Euro/Dollar continued the decreasing impulse, whish started last Friday. The European currency depreciated from 1.2647 to 1.2554 yesterday, in converse the Interbank sentiment projection, at nearly...
Daily Market Outlook by AceTrader
Market Review – 12/07/2010 21:43 GMTEuro falls on concerns over European banks’ refinancing problemsThe single currency fell sharply in Asia on Monday and penetrated Friday’s low of 1.2609 to 1.2587 on refinancing concerns over European banks. Later,...
Major Currencies’ Midday Report 12/ July /2010
EURUSDThe pair is trading around the morning mentioned pivotal support level at 1.2565 in an attempt to build a base and start the suggested bullish wave. Our morning expectations remain intact, supported by Stochastic but keep in...
Crude Oil Midday Report 12/ July /2010
Crude is trading within a narrow range since this morning and calmly nears the pivotal support at 75.15. Momentum indicators are still showing bearish signs that make us hold onto expectations for a bearish move today that will...