Crude succeeded in breaching the awaited support for the ascending channel pointed out in our reports yesterday, where the bearish trend has halted at 50% Fibonacci correction for the bullish short term wave that has stabilized within...
EURUSD: After struggling to cross major Resistance at 1.30, the EUR after a week and half retreated back below 1.30. The EUR will look to find Support at the 100 day MA. However, a solid close below...
Fears about global growth prospects fueled strong gains by the USD and JPY against most of their counterparts as investors turned to safe haven currencies following a stream of negative economic data from the U.S, China and...
Market Review – 11/08/2010 22:07 GMTEuro tumbles on worries about global economic growthThe single currency tanked against dollar on Wednesday, as stock markets tumbled on worries about global economic recovery, prompting investors to buy safe-haven assets.
ForexPros Daily Analysis August 11, 2010 Fundamental Analysis: Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number ofpeople who file for unemployment benefits for the first time during thegiven week. This...
The USD continued to trend slightly stronger versus the EUR and GBP on Tuesday as the marketplace became cautious across the board. Market participants largely waited for the FOMC to issue its statement late in the day...
The EUR struggled a bit on Tuesday losing some of its ground to the USD. The move can hardly be called earth shattering and the trading of the Single Currency and the greenback remain in a rather...
The Sterling slipped further against the USD on Tuesday. The DCLG HPI proved a bit disappointing yesterday along with the CB Leading Index statistics, but it is possible that traders may be positioning themselves for the Bank...
The JPY is slugging its way around the higher parameters of its value and the Nikkei stock index has been hit as its larger export companies have been hammered as fears of a strong Yen continue to...
The U.S. currency hovered within sight of a 15-year low versus the Japanese yen on Wednesday after the Federal Reserve announced plans to boost a flagging economy by reinvesting money from maturing mortgage bonds and government debt.
