The Dollar tumbled to an eight-month low against the Yen and dropped versus the Euro after data showed the U.S lost twice as many jobs in July as expected, fueling concerns that the Federal Reserve may need...
After the index temporarily breached the medium term bullishness for a downside correction, the index settled for 38.2% correction for the entire upside wave that started from 3441 towards 5797. Trading reversed once again to the upside...
OIL: After struggling for nearly two months to break above Resistance at 79 and break free of the 100 day MA, Oil seems to be under some downwards pressure once again. On the lower half of the...
Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and...
Crude was able to achieve the suggested bearish trend in our last reports as it managed to achieve primary targets around $80.00 per barrel and finds a hard time reaching the retest level at 79.35, due to...
EURUSDThe pair succeeded is achieving the suggested scenario for last week by trading within the bullish channel shown in the image above. The daily and weekly closing has been achieved above 76.4% Fibonacci correction, previously breached at...
Market Review – 06/08/2010 21:55 GMTDollar falls broadly against most currencies on disappointing U.S. jobs dataDollar tumbled against most of its counterparts on Friday as release of weak U.S. non-farm payrolls data added speculation that the Federal...
After touching 1.0138 support, USDCAD bounced from 1.0107, suggesting that a cycle bottom is being formed on daily chart. Key resistance is now at 1.0395, a break above this level will confirm the cycle bottom, then rise...
USDCHF’s downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range between 1.0250 and 1.0550 would more likely be seen in a couple of weeks.
USDJPY’s downward movement from 92.88 extended to as low as 85.02. Further fall towards 84.82 (2009 low) could be seen next week, a break below this level will target 82.00 or even lower.
