GBPUSD continues its upward movement from 1.4290 and the rise extends to as high as 1.5228 level. Further rally is still possible next week. Targets are at the upper boundary of the falling price channel and 1.5522...
EURUSD is facing 1.2671 key resistance, a break above this level will indicate that the long term downtrend from 1.5144 has completed at 1.1876 already, then the following bullish movement could bring price to 1.4700 area. However,...
According to wave count this currency pair is now developing wave C of the intermediate downtrend (colored royal blue on the chart). However on smaller timeframes we have a correction within this wave C. The targets of...
The USD lost ground to both the EUR and GBP on Thursday in a broad market place that is showing signs of unrest. The weekly Unemployment Claims yesterday were negative, along with the Pending Home Sales and...
The EUR gained on Thursday against the USD and the question that must be asked – is why? Only Final Manufacturing PMI data was released yesterday and it proved lackluster.
The Sterling was able to regain its lost ground on Thursday overcoming a pair of rather lackluster sessions. Manufacturing PMI was released yesterday and it came in slightly below expectations and under the previous month’s result.
The JPY remained at the upper reaches of its strong move against the USD on Thursday. Asian bourses continued to trade in negative ranges as equities internationally found a tough path.
Today’s release of the Non Farm Employment Data, which is due to be announced at 12:30 GMT, follows a week of negative economic data which raised concerns that the U.S economic recovery is stagnating. It is expected...
Market Review – 01/07/2010 22:40 GMTDollar falls sharply to 7-month low vs yen on recovery fearsDollar fell broadly as disappointing U.S. economic data stoked worries of double-dip recession on Thursday. Euro rallied across the board as Spain’s...
EURUSD The pair strongly rushed to the upside attacking the retest level for the previously breached minor bullish channel at 1.2335, due to positive effect from momentum indicators.
