Previous session overview On Thursday, the dollar was little changed against the euro after the ECB's Trichet held firm to his previously expressed worries over inflation and the possible need to raise interest rates. US initial jobless claims fell 18k
EUR/USD (1.5416) European & US sessions forecast levels: 1.5320/1.5505 Trend Sessions: European: Neutral/Upward US: Neutral Market Focus: 8:30 AM Trade Balance, 2:45 AM French Industrial Production. Daily Strategy: The dollar is again under pressure. The Fed confirm that the last
Today's US Dollar Trading • BOE and ECB leave rates on hold, as expected • USD reverses after starting better overnight • Majors hold key support (?) Overnight Preview • Look for USD to consolidate, possible book squaring ahead of
Today's US Dollar Trading • USD weakens on stops and active selling • Trend lines broken • Reserve manager selling of USD seen overnight Overnight Preview • Look for the USD to extend losses • Likely for a bounce Monday
In the last business week the Crude Oil set new trading record every day. Five days in the week with five new records. The crude oil jumped with $10 a week. This is an extraordinary week with so huge price
Operators handle the majors and crosses alternatively.During session start and end they handle the majors -i.e.they make quick rise or drop and during mid sessions they handle the crosses.Now they are dipping USD/YEN and also GBP/USD as contrarian move and
The Euro rose sharply yesterday against the US Dollar, reaching 1.5440, which is its first resistance level for the currency couple today. If the upward trend continues, next resistance is expected at 1.5510, followed by 1.5600. In downward direction first
There is a chance we have seen the end of Wave -iii- at 159.04 but I'll stick with the Wave -c- still being in development and while this remains below 160.51-77 we should see test of the 158.47 target, possibly
EURUSD Comment: Great excitement in some camps as the Euro gives back almost 50% of the gains since February. Yesterday's 'doji' candle suggests we have found an interim low and will consolidate above here for several days. For this morning
The European currency moved back to the upside, not finishing the 50% retracement it was supposed to do yesterday, and climbed back again above the 1.5420 level which might give it a push to climb again to 1.5500, yet we
The assumed test of the key support range has been confirmed but the relative rise of bearish activity revealed by OsMA indicator did not dispose to immediate realization of the pre-planned buyers' positions. At present taking into account the existent
The Pound continued to decline against the Yen throughout this morning after dropping yesterday, the pair managed to breach the 38.2% correctional level at 202.68 and now seems to be heading towards the 200.77 support level which represents the 50%
EUR/USD After the ECB let the interest rate unchanged the market rose up and quotes over the level at 1,5400. This mark seems to be a key level because it developed to a strong support level after the currency crossed
USD/JPY pair fell by 155 pips from the intraday high of 104.95 to touch 103.40 before closing at 103.73 levels. All the stochastics show bearish pattern and the break of the support at 103.90 levels (100 4-Hrly EMA) further indicates
The British Pound continued bouncing against the US Dollar at the 1.9500 level downwards, which is the first and apparently good support level for the currency couple today. If the negative sentiment continues, next support is expected at 1.9410, followed
The euro held firm against the dollar on Friday after rebounding from a two-month low on reduced expectations for European Central Bank rate cuts. ECB President Jean-Claude Trichet said on Thursday that inflation remained his top concern, suggesting the bank
EUR/USD After bottoming out at the 1.5300 level, the pair is showing signs of a corrective move. The Slow Stochastic indication on the 4 hour chart is showing no crosses and the RSI suggests the constitution of the correction. It
The pound's retracement yesterday could not breach the resistance level we had set, in order for our lower targets to be valid. We remain to our yesterday scenario assuming that the move, that started after the break of the 1.9600-30
EUR/USD The pair is in a downtrend from the short-term top at 1.6019. Technical indicators on the 4 h. chart are falling convergent. After breaking below the 1.5361 support next important level is projected at 1.4966-1.50+ sentiment level.
