Extend Archive

  • Daily Report: Dollar Building Strength to Extend Rebound

    Daily Report: Dollar Building Strength to Extend Rebound

    Dollar is gathering some strength in early European session and is set to extend this week’s recovery against major currencies. Yen is also following after China stocks slumped -1.5% on comments from China Banking Regulatory Commission that banks should "strictly implement" curbs on loans to...

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  • EURGBP: Hammer-Triggered Recovery Set To Extend

    EURGBP: Hammer-Triggered Recovery Set To Extend

    With the cross’s hammer formation the previous week pushing it strongly higher the past week, we now see the risk of a continuation of that bull run towards its May 06/27′10 highs at 0.8421/26 as a we enter a new week. However, EURGBP’S immediate challenge...

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  • EURUSD: Bull Pressure Set To Extend Further

    EURUSD: Bull Pressure Set To Extend Further

    Nearer term outlook has turned higher after the pair rallied through the 1.2466 level, its Jun 21′10 high on Thursday. With this price development we expect the pair to trade further higher towards its May 21′10 high at 1.2671 and then its psycho level at...

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  • GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

    GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

    GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level GBPUSD: Our call for continued strength in our weekly analysis materialized today as GBP rallied further and built on its past week gains in Monday trading session. The nearer term target set in the mentioned analysis stands...

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