Crude breached the support for the bullish channel at 74.60 with four-hour closing, although it returned to the upside due to the positive signs from momentum indicators. Trading below the vital support areas starting from 75.20 will...
USD/JPY Open 88.45 High 88.76 Low 88.09 Close 88.43 On Wednesday Dollar/Yen traded with low volatility, not matching the very negative Interbank sentiment at nearly -70%. The currency couple depreciated from 88.76 to 88.36 yesterday, closing the...
After consolidating below the support for the medium term upside wave, which was breached early May, the index completed a Head & Shoulders pattern and breached its neckline at 4980.
The Yen and the Dollar appreciated against their major currency counterparts as investors fled to more risk adverse assets amid rising concerns that the global economic recovery may be faltering. The Euro tumbled to a historical low...
The USD traded to the stronger side of its range against both the EUR and GBP in another day of caution throughout the global marketplace. Wall Street finished the day in negative territory and its recent spate...
The EUR continued sputter on Wednesday as it traded to the lower part of its range versus the USD. The Single Currency however continues to hold itself above the lowest realms of its recent downward slope and...
The Sterling traded lower on Wednesday as it was not able to hold onto its gains made over the previous trading sessions. The GBP now finds itself in a position that will test the fortitude of those...
The JPY has continued to gain against the USD and the Yen now finds itself in the stronger parts of its range versus the major currencies. Japanese export companies will certainly not be happy with the value...
GBP/USD Open 1.4943 High 1.5073 Low 1.5018 Close 1.4940 On Wednesday Pound/Dollar decreasing resumed, not exactly matching the weak negative Interbank sentiment at only around -1%. The Cable depreciated from 1.5073 to 1.4933 yesterday, closing the day...
The EUR/USD pair took off during yesterday’s trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously...
