GBP/USD Open 1.5269 High 1.5294 Low 1.5151 Close 1.5256 On Thursday Pound/Dollar sharply rose, in line with the positive Interbank sentiment at nearly +12%, staying within this week’s range. The Cable appreciated from 1.5151 to 1.5291 yesterday,...
Crude has pushed to the upside breaching pivotal horizontal resistance around 78.50 and expect at the retest level for the previously breached rising wedge that has currently turned into resistance at 79.60. Momentum indicators are showing negative...
EURUSDThe pair returned within the support for the previously breached rising wedge and above resistance for the bullish channel that represents the medium term bullish direction. This makes chances of returning the bullish trend returning within the...
The Euro managed to erase most of its weekly losses against the Dollar yesterday, as investors expect bank test results to show that the Euro-Zone’s condition is stabile. The market waits to hear that the Euro-Zone’s debt...
EUR/USD Open 1.2901 High 1.2922 Low 1.2739 Close 1.2891 On Thursday Euro/Dollar changed direction and started increasing as a result of optimism returning to the market. The European currency appreciated from 1.2739 to 1.2922 yesterday, not exactly...
Market Review – 22/07/2010 22:12 GMTEuro rallies on strong European manufacturing and services data Although the single currency traded sideways at Asian morning following Wednesday’s selloff from 1.2914 to 1.2732 and short-term speculators sold euro from 1.2787...
Crude is currently fluctuating around the retest level for the previously breached support level that presently ascended to 76.95, due to the effect of the bullish momentum on Stochastic. We hold onto our morning expectations as long as...
EURUSDThe pair strongly rushed to the upside to attempt to surpass the retest for the support of the previously breached rising wedge, where it is heading towards the resistance level for the bullish channel that has returned...
ForexPros Daily Analysis July 22, 2010 Fundamental Analysis: German Ifo Business Climate Index The German Information and Foschung (Ifo) Business Climate Index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from survey...
USD/JPY Open 86.90 High 87.42 Low 86.43 Close 87.02 Dollar/Yen started decreasing on Wednesday, in converse with the positive Interbank sentiment at nearly +11%. The currency couple depreciated from 87.42 to 86.84 yesterday, closing the day at...
