Questions Abound For Int’l Economies
The USD continued to trade near the lower parts of its range versus the major currencies on Friday and this took place on the heels of a poor Non Farm Employment Change number. The U.S. is on...
Month: July 2010
Can The Dollar Correct Last Week’s Losses?
As this week begins, the major question in the market is whether the U.S. dollar will drop further, or can it erase last week’s losses? The dollar weakened on all fronts last week, following a series of...
Major Currencies’ weekly Report 05/ July /2010
EURUSD The pair was able to insure a breach of the neckline at 1.2470 to activate the bullish technical pattern shown in our previous reports, where it succeeded in surpassing resistance for the main bearish channel shown...
Crude Oil weekly Report 05/ July /2010
Crude stabilized trading below support for the key ascending channel after insuring the breach of the neckline for the bullish technical pattern, shown below. We still see that there are bearish targets for this pattern that have...
EUR/USD 1.2548 – 5 July 2010
EUR/USD Open 1.2553 High 1.2603 Low 1.2485 Close 1.2552 On Friday Euro/Dollar climbed further. The European currency rose from 1.2485 to 1.2603, in line the Interbank sentiment projection, at nearly +7%, closing the week at 1.2552.
Daily Market Outlook by AceTrader
Market Review – 02/07/2010 22:01 GMTDollar falls against euro on weak U.S. jobs dataThe U.S. dollar fell versus the single currency on Friday after a report showed U.S. payrolls shed jobs for the first time this year,...
USDCAD Analysis – July 3, 2010
USDCAD broke above the falling trend line from 1.0852 to 1.0678, suggesting that a cycle bottom had been formed at 1.0138 level on daily chart, and the fall from 1.0852 had completed at 1.0138 already. Further rally...
USDCHF Analysis – July 3, 2010
USDCHF continues its sharply drop and the fall from 1.1730 extends to as low as 1.0585. Resistance levels are at 1.0695 and 1.0820, as long as these levels hold, downtrend is expected to continue and next target...
USDJPY Analysis – July 3, 2010
USDJPY broke below 88.14 key support, suggesting that the bounce from 84.82 has completed at 94.98 already. Now the fall from 94.98 could possibly be resumption of long term downtrend from 124.16 (2007 high). Deeper decline is...
AUDUSD Analysis – July 3, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as correction of uptrend. As long as 0.8066 key support holds, one more rise to 0.9100 is still possible. Resistance is now at 0.8600,...