The JPY lost ground to the USD on Tuesday as risk appetite showed signs of increasing within Asian bourses. The Asian economies continue to be the subject of intense discussions regarding their long term prospects particularly when...
Studying the daily chart for the pair, we can see that it managed to breach resistance of the bearish short-term trend at 1.6440 and succeeded in retesting it in many occasions, while it is going to the...
EURUSDThe pair is finding a hard time surpassing the pivotal resistance of 1.2990, fluctuating below this level and above resistance for the previously breached bullish channel. This fluctuation has helped the pair to gain bullish momentum that we...
Crude managed to achieve a strong breach of support for the sideway range 78.50 surpassing the awaited key target at 77.35, breaching support for the short term bullish channel and stabilized below it. Momentum indicators are showing...
GBPUSD: The GBP has now broken free of the prior high and has converged on the 200 day moving average. The GBP has not traded above the 200 day MA since late January. A close above the...
The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors’ appetite...
EUR/USD Open 1.2988 High 1.3043 Low 1.2954 Close 1.2992 On Tuesday the Euro/Dollar traded hesitantly and within a range. The European currency depreciated from 1.3043 to 1.2954 yesterday, almost matching the neutral Interbank sentiment projection, at around...
Market Review – 27/07/2010 22:10 GMTEuro pares gains on a drop in U.S. consumer confidence Although the single currency rose above Monday’s NY high of 1.3006 and climbed to 1.3022 in European morning, euro then retreated from...
Crude continues to move within the sideway range shown below with minimum change worth mentioning since this morning. Thus, we hold onto our morning expectations and recommend returning to insure levels that must be watched, as well as...
On a weekly chart, the AUD/USD currency pair has formed Bullish Engulfing candlestick combination, which is a signal for an upward movement.
