EURUSD The pair rushed to the upside but was unable to stabilize above 1.2600. Stochastic lost the bullish momentum, which could push the pair lower to retest the morning suggested areas before resuming to the upside; targets...
Crude managed to strongly breach 72.05 targeting $73.00 per barrel, due to the positive effect of the clear momentum indicators within the four hour chart. The stochastic is losing bullish momentum and nearing overbought areas, thus making...
The DJIA completed the formation of a bearish pattern mentioned in our previous report on June 24. The index managed to breach its neckline at 9790.00 activating the pattern which pushed the index south over short term...
ForexPros Daily Analysis July 6, 2010 Fundamental Analysis: Canadian Ivey PMI North American traders anticipate the publication of the Ivey Purchasing Manager’s Index (PMI). The index measures the activity level of purchasing managers in Canada. Any reading...
Growing global fears over potentially stagnating in China’s and the U.S’s economic recovery as well as mounting concerns over the overall health of the Euro Zone’s banking system have pushed investors to seek refuge in safe haven...
GBP/USD Open 1.5125 High 1.5208 Low 1.5081 Close 1.5132 On Monday Pound/Dollar was trading downwards, matching the negative Interbank sentiment at nearly -3%. The Cable depreciated from 1.5197 to 1.5091 yesterday, closing the day at 1.5132. Today,...
U.S. investors were given a day to rest on Monday in lieu of the Independence Day celebrations. The break from the markets may have been welcomed by many who have felt rather beleaguered the past week or...
ECB President Jean Claude Trichet has made his voice heard the past few days as he has tried to paint the EUR picture with bright brushstrokes. The EUR has enjoyed more stability the past week of trading...
Under the auspice of strong austerity measures and the promise of more to come from the ruling government coalition, the GBP has found the ability to gain against the USD.
The JPY is establishing a strong safe haven trend and is at seven month highs against the USD. Asian bourses have largely continued their negative turn as Japanese equities have struggled.
