Gold is fluctuating near the critical support for the medium term bullishness as seen above. Following the last steep downside wave, the support held against gold’s downside attempts supported by the 100 Days MA and positive signs...
As Ben Bernanke spoke yesterday the broad markets suddenly began to move in a risk adverse manner. Upon the words ‘unusual uncertainty’ Wall Street wobbled and finished the day in negative territory and the USD finished off...
PMI data will come forward from the E.U today via Germany and France and the results from the Flash Manufacturing and Services readings are expected to be rather mixed.
The Sterling lost value to the USD on Wednesday as risk adverse winds began to effect traders. Today Retail Sales will be released from the U.K. and a result of 0.5% is the estimate.
The JPY continued to prove a magnate for safe haven traders as uncertainty within the international bourses made the Japanese currency stronger. The JPY finds itself gaining momentum on unease that exists within Asian equity markets.
GBP/USD Open 1.5182 High 1.5328 Low 1.5124 Close 1.5163 After some hesitation, on Wednesday Pound/Dollar sharply dropped again, in converse with the positive Interbank sentiment at nearly +13%. The Cable depreciated from 1.5328 to 1.5124 yesterday, closing...
Both the euro and British pound fell against the safe haven currencies yesterday, following a speech from FED Chairman Bernanke which caste doubt over the pace of the global economic recovery. While the euro has traded steadily...
EURUSDThe pair respected yesterday’s presented scenario, and currently fluctuates with a slight bias to the upside due to the effect of positive momentum. We expect the pair to retest 1.2820 –support for the breached rising wedge yesterday–...
Crude succeeded in achieving yesterday’s suggested scenario, where it had managed to cause major negative pressure yesterday due to the breach of support for the bullish channel shown below. The stochastic is showing bullish signs that may...
USDJPY: We are seeing strong JPY Support building in at 87.50. The JPY is also in the middle of a volatile Step pattern which is generating lower highs and lower lows. If the JPY breaks Support and...
