EUR – Single Currency Remains Strong
On little economic data from the E.U. the EUR continued to effectively trade to the stronger part of its month long trend. Today the Final Services PMI will be released and is anticipated to have a mark...
Month: August 2010
GBP – Services PMI Today
The Sterling gained again on Tuesday as traders continued to back the GBP even as the Construction PMI left a sour taste. The Construction PMI turned in a reading of 54.1 compared to the estimate of 58.2....
JPY & AUD – New Highs For The Yen
The JPY finds itself at its highs against the USD and traders and the Japanese government are watching its results with interested and concerned eyes, though not likely for the same reason.
Platinum in Depth
After the metal exited the main upside wave in correction for the wave that started from 745.00 towards 1752.50, the correction stopped around 23.6% correction for the upside wave, where the metal start to reflect an upside...
Commodity Currency Update
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...
Dollar Falls on Federal Reserve Speculations
Negative economic data, as well as speculation regarding further monetary easing by the Federal Reserve, pushed the USD to its lowest level since April. Markets await the release of the Non-Farm Payrolls (NFP) data due Friday for...
Major Currencies’ Morning Report 04/ August /2010
EURUSDThe pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build...
Crude Oil Morning Report 04/ August /2010
Crude fluctuated yesterday around resistance for the bullish channel shown below, where it is currently at 82.25 as momentum indicators are showing negative signs that make us expect a bearish intraday direction; initially targeting 81.10 that are moving...
Daily Market Outlook by AceTrader
Market Review – 03/08/2010 22:02 GMTDollar sinks to eight-month low against yen on concerns over Fed’s additional measuresDollar fell sharply against the Japanese yen to 8-month low on Tuesday, as concerns that U.S. may require additional measures...
Major Currencies’ Midday Report 03/ August /2010
EURUSDThe pair built a base on 1.3145 and rushed towards the pivotal resistance at 1.3250 – 76.4% Fibonacci-. More bullish intraday movement is expected, where we may witness some fluctuation around the mentioned level due to the...