ForexPros Daily Analysis July 12, 2010 Fundamental Analysis: German ZEW Economic Sentiment The European traders anticipate The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment to determine the sentiment of German institutional investors.Above 0 indicates optimism while...
USD/JPY Open 88.65 High 89.13 Low 88.37 Close 88.56 On Friday Dollar/Yen continued increasing slightly, matching the positive Interbank sentiment at nearly +20%. The currency couple rose from 88.37 to 88.74 on Friday, closing the week at...
Gold prices left the internal upside channel which organize the upside short-term wave within the major upside channel which holds the mid trend for price. We see that the breach of internal channel is only temporarily till...
GBP/USD Open 1.5068 High 1.5200 Low 1.4948 Close 1.5059 After partial recovery, on Friday Pound/Dollar started decreasing, in converse with the Interbank sentiment at nearly +14%. The Cable at first climbed to 1.5200 on Friday, from where...
EURUSD The Euro’s rally, which pushed the single currency to its highest level in more than seven weeks, stalled on Friday as market sentiments towards the Euro remained cautious and some traders bet that its recent upswing...
EUR USDThe pair neared 50% Fibonacci correction and bearishly reversed due to the effect of the negative signs appearing on momentum indicators. We can expect a base to be built on 1.2565 that represents the previously broken...
Crude’s trading is wedged below support for the previously breached bullish channel that has currently turned into resistance at 76.65 above pivotal support 75.75, with ongoing oversold signs appearing through momentum indicators. The daily closing continues below...
The 1-0 over-time victory of Spain over the Netherlands in yesterday’s World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain’s crumbling economy? Can it...
EUR/USD Open 1.2644 High 1.2719 Low 1.2587 Close 1.2635 On Friday Euro/Dollar continued climbing at first, than dropped, loosing all gains for the last 2 days. The European currency appreciated to 1.2719 on Friday, in line the...
Market Review – 09/07/2010 21:40 GMTEuro retreats from a two-month high on long liquidationAlthough the single currency briefly rose above Thursday’s high of 1.2713 to a 2-month high of 1.2723 in European morning, good selling interest emerged...
