USD/JPY's rebound was short lived and was limited at 96.96 weakened again. The pair is still bounded in range above 94.87 and the development so far dampened the immediate bullish view that fall from 98.87 has completed at 94.87 already.
EUR/USD's rebound was limited at 1.4196 last week and weakened sharply since then. Note that momentum of the rebound from 1.3747 was so far quite unconvincing. The structure of such rise also looks corrective. Hence, while 1.3747 support still holds,
Despite edging higher to 1.6742 early last week, GBP/USD failed to sustain above 1.6661 resistance and reversed back into prior range. The development argues that the rise to 1.6742 was a terminal impulse and after triangle consolidation and thus GBP/USD
USD/CHF pull backed to 1.0712 last week but rebounded strongly since there. The break of 1.0889 minor resistance argues that such pull back is completed already. Hence, initial bias is mildly on the upside this week for 1.1021 resistance first.
AUD/USD's rebound was limited at 0.8154, well below 0.8236/8262 resistance zone and weakened again. With 4 hours MACD turned negative again, bias is mildly on the downside for further fall to 0.7788 support or below. Nevertheless, focus remains on mentioned
Pound/Dollar made a descending movement on Thursday. The Cable reached a bottom at 1.6327, and close the day at 1.6392. On the 1 hour chart is seen that after failing to hold above the key 1.6660 resistance, the Sterling turned
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.
EUR/USD-market strategy can be a buy from the level 1.3995$ In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction.
GBPUSD: Outlook for GBP continues to point to the downside nearer term following its recent failure at the 1.6427 level, its Jun 29’09 and its subsequent collapse. It closed lower Thursday and was seen facing downside pressure in early trading
After rebounded from its peak at the end of May, the currency pair has been trading in a zigzag movement. Today the EUR/USD lost its 38.2% Fibonacci retracement support and enforced the bears. As recently as at the S1 pivot
Shares of Elan Corporation, PLC ( NYSE : ELN ) surged yesterday after the announcement that Johnson & Johnson is to acquire most of the rights and assets related to Elan's Alzheimer's Immunotherapy Program ( AIP - which includes an
International Finance Corporation (IFC), an investment unit of the World Bank Group that supports sustainable development, has agreed to grant Suntech Power Holdings Co., Ltd. (NYSE: STP ) a convertible loan worth $50 million, amid recent claims that lenders increased
Genworth Financial, Inc. (NYSE: GNW ) has found a way to ease their financial position. Genworth, one of the largest mortgage firms in the U.S., recently announced that their Canadian branch, Genworth MI Canada Inc., will go public. On Thursday
