Market Review – 09/09/2010 22:47 GMTDollar hovers near 15-year low against yen The greenback hovered above 15-year low against the Japanese yen on Thursday. The messages from Japanese officials were mixed and investors bet the Japanese government...
ForexPros Daily Analysis September 09, 2010 Euro Dollar The Euro’s rise stopped yesterday 7 pips before the level we recommended selling at. We saw this pair topping at 1.2761, before diving below 1.27 once again. Yesterday’s trading...
Platinum is still trading sideways among the support at 1485.00 and the resistance at 1602.00, and after reaching the support for the range recently, the metal rushed to the upside targeting the resistance for this range supported...
Crude continued its bullish trend yesterday stabilizing above SMA 50 affected by the minor bullish technical pattern that has formed at 74.40. Signs of a larger bullish pattern appear over four hour chart, where its neckline is...
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
The EUR rose against the U.S. dollar on Wednesday, buoyed by successful bond auctions in Portugal and Poland that made the single currency’s fall the prior session look overdone. The EUR rose 0.4% against the USD after...
Market Review – 08/09/2010 22:48 GMTEuro recovers as European debt sales ease risk aversion The single currency rose against the greenback on Wednesday, as improved demand for Portuguese and Polish bonds eased recent concerns over the European...
ForexPros Daily Analysis September 08, 2010 Euro Dollar The Euro fell heavily during yesterday’s Asian session, then it resumed the drop during the European session. After stopping just below the enormous resistance we talked about in Monday’s...
After recording the top at 94.48 the pair started the downside correction breaching 38.2% then 50% correction and facing 61.8% which is the critical obstacle over short term basis.
Pound/yen is still developing daily downtrend within wave C (colored light green on the chart). Within this wave we have a set of A-B waves (colored magenta) and wave C developing. The latter was confirmed on 128.64...
