USD/JPY Open 87.67 High 88.45 Low 87.04 Close 87.70 On Wednesday Dollar/Yen increased significantly, not matching the positive Interbank sentiment at nearly -1%. The currency couple climbed from 87.04 to 87.80 yesterday, closing the day at 87.70....
The pair reached the support for the descending channel organizing the downside correctional wave which started with the brea ch of the support for the general upside trend, starting from the recorded top at 0.9148.
The USD lost ground to the EUR on Wednesday as equity markets bounced higher and traders took advantage. There was no major economic data released from the U.S. yesterday and with a certain amount of stability being...
The EUR gained strongly against the USD on Wednesday on a day without any major surprises from economic data. Today the ECB will hold it monetary policy meeting. It is clear that there will be nothing done...
The Sterling performed well on Wednesday as it continued to sail smoothly in the midst of austerity ‘merriment’ and better EUR centric sentiment (read stability). There were no releases of significant data from the U.K. yesterday, but...
The JPY gave back some of its gains on Wednesday as risk appetite within the Asian bourses created some breathing room and allowed the Yen to weaken against the USD. Safe haven trading slackened as equities gained...
Today is a busy day with both the European Central Bank and the Bank of England scheduled to release statements regarding their interest rate decisions.
GBP/USD Open 1.5174 High 1.5241 Low 1.5081 Close 1.5186 On Wednesday Pound/Dollar resumed rising after recording an insignificant correction, not exactly, however, matching the small Interbank sentiment at nearly +0.05%.
EURUSD The pair was able to achieve yesterday’s awaited ascending actions to touch the primary target around 1.2670, where it continues to move within the minor bullish channel shown in the image below.
Crude strongly pushed to the upside yesterday to retest the previously breached neckline for the bearish technical pattern at 75.15, effected by the positivity appearing on momentum indicators yesterday, in addition to breaching the bullish technical pattern’s...
