EURUSDThe pair continued fluctuating around pivotal 1.2830, accompanied by the stochastic entering overbought areas and therefore pointing to chances of resuming the expected bearish overall direction this week. From here, we expect a bearish intraday trend that targets...
Volumes were light during Monday’s trading as the yen climbed versus the major currencies. Japanese Q2 gross domestic product failed to meet market expectations, raising concerns over the pace of the global economic recovery.
Market Review – 16/08/2010 22:51 GMTDollar falls sharply versus yen and Swiss Franc on risk aversionDollar tanked against the Japanese yen on Monday, as concerns over global economic recovery prompted investors to buy safe-haven currencies such as...
After the index departed the ascending channel seen over daily basis, the index carried many attempts to retest the beached support within an upside wave structured by the minor ascending channel shown below.
The USD found a slew of backers as the week ended on risk adverse trading. Investors taking a defensive posture continued to pick up steam as the weekend approached due to rather lackluster Retail Sales.
The EUR continued to decline against the USD as the Single Currency ran into questions concerning any repercussions that could come about from double dip recessions if they were to come about.
The Sterling had a poor week against the USD, but still finds itself within a relatively good value range versus the greenback. The GBP did take a hit as poor economic data from the U.K. sent a...
The JPY range traded going into the weekend as it maintained it rather high values. Early this morning the Japanese GDP reports were released and proved disappointing with a result of 0.1% compared to the estimated gain...
EURUSDThe pair succeeded at achieving a sharp descend, where it has halted at pivotal support 1.2730 that represents the suggested neckline for the bearish technical pattern, which could help resume more bearish movement on the short run....
EURUSD: For the first time since the EUR rally began in early June, the EUR has fallen hard through trend line Support. We know that major Resistance sat at 1.30, however, when the EUR fell through trend...
