Market Review – 28/07/2010 22:52 GMTDollar drops versus yen on weaker-than-expected U.S. durable goods ordersDollar retreated to 87.63 versus the Japanese yen in Asia on Wednesday due to profit-taking after Tuesday’s rally from 86.83 to 87.98 but...
Crude retested levels around 77.75 and reversed to the downside after the MA 50 added additional strength to pivotal resistance levels; therefore, morning expectations will remain intact if we do not witness stability in trading above 77.75.
EURUSDThe pair continues fluctuating around the pivotal resistance of 1.2990 keeping in mind that the stochastic has started to move to the upside. No notable change it witnessed, therefore morning expectations will remain intactas long as the daily...
USD/JPY Open 87.77 High 88.11 Low 86.85 Close 87.87 Dollar/Yen climbed strongly on Tuesday, covering all losses from the previous day and more, in converse with the negative Interbank sentiment at nearly -18%. The currency couple appreciated...
ForexPros Daily Analysis July 28, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number ofpeople who file for unemployment benefits for the first time during thegiven week. This...
GBP/USD Open 1.5584 High 1.5618 Low 1.5445 Close 1.5591 On Tuesday Pound/Dollar continued ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5445 to 1.5599 yesterday, closing the day at 1.5591.
The Dollar appreciated against the most of its major counterparts on Tuesday, as a drop in U.S. consumer sentiment to a five-month low cut risk appetite. Yesterday, the CB Consumer Confidence index for July fell to 50.4,...
The USD mirrored the broad marketplace in the States on Tuesday turning in a mixed performance. The USD traded in a stable manner against the EUR but continued to lose ground to the Sterling.
The EUR traded in a stable manner on Tuesday refusing to give up any of its gains made previously against the USD. Range trading was largely the result for the Single Currency in rather tentative markets.
The Sterling continued to outperform on Tuesday as it gained solidly against the USD. The CBI Realized Sales reading produced a report that far exceeded expectations yesterday with an outcome of 33, beating the forecast of 2...
