USDJPY Analysis – October 16, 2010
USDJPY stays below a downtrend line from 94.98 to 85.92 and remains in downtrend, and the fall from 94.98 extended to as low as 80.88 level. Initial resistance is at 82.50, as long as this level holds,...
Tag: USDJPY
Forex-Metal Daily Analysis – 14/10/10
Positive Asian economic data supported the risk appetites. Asian and European trading sessions: Euro: Expectations for the release of the strong European statistics pushed the EUR/USD rate to the maximums of $1.3982. The Euro-zone industrial production indeed...
Forex-Metal Daily Analysis – 13/10/10
The US dollar rate shows technical correction. FOMC meeting is in focus. Asian and European trading sessions: Euro: The EUR/USD pair slipped as low as the $1.3775 mark, as investors showed less demand for the high-risk assets....
Forex-Metal Daily Analysis – 12/10/10
The greenback continues to be under pressure. Asian and European trading sessions: Euro: On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion, the euro was overbought, and...
Forex-Metal Market review for 4 – 8. 10, 2010
During the whole previous trading week the euro was demonstrating strength over the weakening US dollar. But on Monday the euro was under temporary pressure due to the negative influence from the European banking sector. The released...
USDJPY Analysis – October 9, 2010
USDJPY’s downward move from 94.98 extended to as low as 81.72 level. Deeper decline towards 79.75 (1995 low) could be seen next week. Resistance is at the falling trend line from 94.98 to 85.92, as long as...
Forex-Metal Daily Analysis – 07/10/10
Unexpectedly low ADP employment affects the market. Asian and European trading session: Euro: The EUR/USD pair reached the 8-months maximum at the $1,3880 mark. US Dollar: On Wednesday the US dollar was still trading at the 8-months...
Forex-Metal Daily Analysis – 06/10/10
Risk appetites are back. Asian and European trading sessions: Euro: On Tuesday the EUR/USD rate managed to grow and reach its trading session maximums at the level of $1.3792. The release of the strong European statistics supported...
Forex-Metal Daily Analysis – 05/10/10
The euro stepped back from the reached maximums against the greenback. Asian and European trading sessions: Euro: The euro was under pressure during the morning trading, due to the negative influence from the European banking sector. Therefore,...
Forex-Metal Market review for 27.09–01.10, 2010
The beginning of the previous trading week saw the euro still holding its maximum levels against the greenback, but the released data could not allow the euro grow higher. In particular, the rating agency Moody’s reduced the...