The Japanese Finance Minister made a statement saying that the strength of the JPY posed a problem for the Japanese economy. However, this is not exactly intervention and investors have seen that while the Japanese government on...
The US Weekly Unemployment Claims is the primary publication today and will likely determine the level of the USD when it is released at 12:30 GMT.
Crude continued fluctuating around resistance for the bullish channel without being able to stabilize above it – currently at 82.65 -; thus, maintaining yesterday’s suggested scenario due to support from negative signs appearing through momentum indicators. From...
EURUSDAfter the 76.4% Fibonacci level showed a strong stance in front of the pair’s upside movement, the pair descended to near support for the bullish channel that organizes the correction trend that has started near the bottom at...
Market Review – 04/08/2010 22:58 GMTDollar rebounds from a fresh eight-month low against yen on upbeat U.S. economic dataThe greenback rebounded strongly from an 8-month low against the Japanese yen on Wednesday, as upbeat U.S. data prompted...
The US stocks on Tuesday fell amid disappointing financial reports of companies and more weak-than-expected US economic statistics, which strengthened investors’ worries about the stability of the recovery. Dow Jones Industrial Average according to the trading results...
Crude touched the awaited resistance at 82.25 and reversed to the downside reaching midway towards the first suggested target at 81.10. Crude is currently testing 82.00, while momentum indicators are still showing negative signs that support resuming the...
EURUSDThe pair since this morning has been trading on a negative slant, although 1.3185 stands as a barrier stopping the pair from moving to the downside; keeping in mind that Stochastic is gradually unloading the negative momentum....
ForexPros Daily Analysis August 04, 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 lose ground to the major currencies across the spectrum on Tuesday. Data from the States produced another lackluster day and will likely set the tone for a rather cautious approach going into the...
