The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the highest level at 1.21481 and the lowest level at 1.20930, the pair trading now around the level of 1.21802.
Regarding to the pair Sterling against the U.S. dollar also traded during the Asian session in a narrow range between the lowest level at 1.46935 and the highest level at 1.47377, the pair trading now around the level of 1.47269.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session in a narrow range between the lowest level at 91.272 and the highest level at 91.747 , the pair trading now around the level of 91.532.
Market Expectations
EUR/USD :etermined indicators for the pair Euro against the U.S. dollar show negative sign and Saturation in the purchasing process, 61.8% Fibonacci show a strong resistance, so we expect today a decline for the pair to the level 1.19680, stability of trading below the level of 1.21550 necessary to achieve these expectations.
GBP/USD :The level 61.8% (1.47300) is a strong resistance for the pair Sterling against the U.S. dollar , also the determined indicators show a negative sign for the pair which may lead the pair to decline to the level of 1.45981 , stability of trading below the level of 1.48272 necessary to achieve these expectations .
USD/JPY :Stochastic unloaded the negative momentum for the pair U.S. dollar against the Japanese Yen, so we expect an intraday upside move which requires the breach of 91.900 targeting initially 92.650. Breaching 90.900 will activate a bearish scenario targeting 89.700 and 88.850.
The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.21160 and the highest level at 1.22076, the pair is currently trading around the level of 1.21881.
The pair Sterling against the U.S. dollar traded during the Asian session between the lowest level at 1.45507 and the highest level at 1.46270, the pair is currently trading around the level of 1.46256.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session in a narrow range between the lowest level at 91.603 and the highest level at 91.977, the pair is currently trading around the level of 91.956.
Market Expectations
EUR/USD :We expect today Bullish trend for the pair Euro against the U.S. dollar to the target of 1.22230 then to the target of 1.23160, determined indicators show a positive signs to support our expectations , if the pair penetrates the level of 1.23160 that will open the way to continue its bullish direction to the more gains.
GBP/USD :We expect today a decline for the pair Sterling against the U.S. Dollar to the target of 1.46040 then to the target of 1.45500, stochastic indicators shows negative signs on the one hour candlestick which support our expectations today, but the general trend for this week still upward if the pair still above the moving average 100.
USD/JPYositive signs show from the stochastic indicators for the pair U.S. dollar against the Japanese Yen , which make us expect a bullish trend for the pair to the target of 92.950, these expectation require stability of trading above the level of 90.650 , while the price still facing strong resistance at moving average 50.
The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest price at 1.21959 and the highest price at 1.22324, the pair is currently trading around the levels of 1.22115.
The pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.47296 and the highest level at 1.47677, the pair is currently trading around the levels of 1.47389
Finally the pair U.S. dollar against the Japanese Yen , traded in a narrow range during the Asian session between the highest level at 91.691 and the lowest level at 91.410 , the pair is currently trading around the levels of 91.575.
Market Expectations
EUR/USD :etermined indicators for the pair Euro against the U.S. dollar Close to saturation in selling, so we expect a bullish trend today to the target of 1.23190 then to the level of 1.24035, stability of trading above the level of 1.21110 is necessary to achieve these expectations.
GBP/USD :Today, we expect some volatility for the pair sterling against the U.S. dollar around the resistance level at 1.47700 , we advice to monitor this level cause if the pair can penetrate this level it will ascend more , these expectations require stability of trading above the level of 1.46040.
USD/JPY :The moving average 50 still strong resistance for the pair U.S. dollar against the Japanese Yen , we expect today a bullish trend support from positive sign which show through stochastic indicator , the target will be at 93.250 , stability of trading above the level of 91.000 necessary to achieve these expectations .
The euro rose yesterday due to the improved investor appetite for higher risk Dollar Bonds and assets, eventually that has strengthened its covering of short positions the European unified currency, which led to the rise after recent recorded during the lowest in four years. Analysts say it is unlikely to lead to recovery of the euro release from the downward trend, with continuing structural problems in the euro zone, which severely affected the single currency. The euro was down 15 per cent against the dollar this year, but managed to rise 1.6 per cent during the last week, after hitting its lowest level in four years at 1.1876 dollars. Markets have witnessed a global shake-up on Wednesday in a selloff for the second day by fears that the growing debt crisis in Europe could threaten the global economic recovery. Euro fell against the U.S. dollar to the level of 1.3143 which is the lowest level since April 2009 due to fears of traders that the debt crisis could spread to other European countries facing challenges such as Portugal, Spain, Italy and Ireland.
The Minister of Finance in Greece, George Papaconstantinou, said on Sunday in an interview to a local newspaper that Greece is moving in the right way, Greece almost fulfilled all its obligations. He highlighted that the budget showed a decrease of 40 per cent compared with last year, stressing that there is no need to impose further austerity measures.
On the other hand the public debt in Italy in April rose to a record level, reaching 1.813 trillion Euros (2.215 trillion U.S. dollars), up 0.8% from the level recorded in March this prompted the Bank of Italy (central bank) to warn that public debt will arrive at the end of the year to the level of 118.4% of GDP, after reaching 115.8% in 2009. the bank said that tax revenue fell 1.8% in the first four months of 2010 compared to the same period last year, to reach 104.8 billion Euros (128 billion dollars).Earlier, a U.S. newspaper said that the French and German banks are most exposed to the debt crisis of Europe, where a foreign debt of the weaker economies in the euro area nearly a trillion dollars.
The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.23083 and the highest level at 1.23404, the pair trading now around the level of 1.23334.
Regarding to the pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.47878 and the highest level at 1.48212, the pair trading now around the level of 1.48171.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian between the lowest level at 91.394 and the highest level at 91.665 , the pair trading at this time around the level of 91.561.
Market Expectations
EUR/USD :We expect today a decline for the pair Euro against the U.S. dollar to retest again the support level at 1.21500, determined indicators show negative sign support our expectations, stability of trading below the level of 1.24310 necessary to achieve these expectations.
GBP/USD :The pair Sterling against the U.S. dollar breakthrough the Fibonacci level 61.8% (1.47700) and closed four hour candlestick above it, all of that lead us to expect a bullish trend today to the target of 1.48650 then to the 1.49850, but maybe some volatility will occur around the level of 1.48201 before these expectations happen.
USD/JPY :We expect today for the pair U.S. dollar against the Japanese Yen a bullish trend, the positive signs which shows through stochastic indicators support our expectations , but the pair should breakthrough the moving average 50 to open the way for more upside trend , stability of trading above the level of 91.000 necessary to achieve these expectations .
The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.22563 and the highest level at 1.23149, the pair trading now around the level of 1.22811.
Regarding to the pair Sterling against the U.S. dollar was also trade in a narrow range during the Asian session between the lowest level at 1.46842 and the highest level at 1.47370, the pair is currently trading around the level of 1.47110.
Finally the pair U.S. dollar against the Japanese Yen was traded in a narrow range during the Asian session between the lowest level at 91.189 and the highest level at 91.436 , the pair trading now around the level of 91.317.
Market Expectations
EUR/USD :The negative pressure on the pair has caused a direct negative impact on momentum indicators as the pair descends towards support for the minor upside channel, determined indicators show a saturation in the purchasing process but stochastic indicator still show positive sign , so we advice to monitor the price today .
GBP/USD :The level of 74.6% Fibonacci for the pair Sterling against the U.S. dollar has stood as a strong barrier in front of the pair’s which cause a decline for the pair below the level 61.8% Fibonacci (1.47700) , for that we expect a bearish intraday direction , and these expectation require stability of trading below the level 1.47700.
USD/JPY :Form a technical downtrend appear on the chart for four hours candlestick Supported by the steadfastness of the 50 moving average resistance to price , so we expect today a bearish intraday starting after breakthrough the support level at 90.850 to the target 89.600 then to the target 88.880.
The pair Euro against U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.23668 and the highest level at 1.24133, the pair is currently trading around the level of 1.23820.
The pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.48060 and the highest level at 1.48523, the pair is currently trading around the level of 1.48382.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the lowest level at 90.741 and the highest level at 91.070 , the pair is currently trading around the level of 90.791.
Market Expectations
EUR/USD :etermined indicators show negative signs for the pair Euro against the U.S. dollar which may lead the pair to decline and form some kind of fluctuation around the level of 1.23450 to get rid the negative sign which is coming from indicators, then return to a bullish move again.
GBP/USD :We expect today some fluctuation for the pair Sterling against the U.S. dollar around the level of 74.6% Fibonacci (1.48520) before continuo its bullish trend. Stability of trading above the level 61.8% Fibonacci helped the pair to continue its bullish trend, we expect today that the pair will touch the target of 1.49350.
USD/JPY :The pair continues to fluctuate around the level of 90.750, we expect today a decline for the pair to the target of 89.650 then to the target of 88.880, and these expectations require stability of trading below the level 91.450.
The pair Euro against the U.S. dollar traded during the Asian session between the highest level at 1.23540 and the lowest level at 1.22843, while the pair is currently trading around the level of 1.22957.
The pair Sterling against the U.S. dollar the pair traded during the Asian session between the highest level at 1.47971 and the lowest level at 1.47257, the pair trading now around the level of 1.47283.
Finally , the pair U.S. dollar against the Japanese Yen traded during the Asian session between the highest level at 91.100 and the lowest level at 90.779 , while the pair trading now around the level of 90.812.
Market Expectations
EUR/USD :Oversold signs on Stochastic for the pair Euro against the U.S. dollar which may causing a bullish rebound, the moving average 50(MA 50) is a support level can stop the declining of the pair, for that we expect today a bullish trend for the pair to the level of 1.24000 then to the level of 1.24620, stability of trading above the level 1.22600 necessary to achieve these expectations.
GBP/USD :The moving average 50 and the stabilizing of the trading between 1.4730 and 1.4770 for the pair Sterling against the U.S. dollar represent the meeting point with support represented in 61.8% Fibonacci, also stochastic indicators show positive sign, all of that lead us to expect a bullish intraday to the target of 1.49350, stability of trading above the level of 1.46500 necessary to achieve these expectations.
USD/JPY :We expect a decline for the pair U.S. dollar against the Japanese Yen to the target of 89.800, these expectation require stability of trading below the level of 92.000 , since yesterday the pair still trading at the same range so we expect today that these expectations will be achieve .
The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.22452 and the highest level at 1.22788, the pair is currently trading around the level 1.22639.
The pair Sterling against U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.48022 and the highest level at 1.48345, the pair is currently trading around the level of 1.48227.
Finally the pair U.S. dollar against the Japanese traded during the Asian session in a narrow range between the lowest level at 90.370 and the highest level at 90.584, the pair is currently trading around the level of 90.420.
Market Expectations
EUR/USD :The pair Euro against the U.S. dollar is approaching the level 38.2% Fibonacci (1.22400), today we advice to monitor the trade because if the pair can break through the level of 1.22400 it may cause more decline for the pair , and if it couldn’t breakthrough this may lead the pair to resume its bullish movement.
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar shows negative signs that may lead the pair to fluctuate before continuing its raise, closing of the four hours candlestick above the level of 1.47850 supports our expectations, stability of the trading above the level of 1.47850 is necessary to achieve the rising of the pair Sterling against the Japanese Yen.
USD/JPY : Stability of the trading for the pair U.S. dollar against the Japanese Yen below the level of 90.650 leads us to expect more decline for the pair to the target of 89.650 then to the target of 88.990, stability of trading below the level of 91.250 is necessary to achieve these expectations .
The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.22968 and the highest level at 1.23516, the pair trading now around the level of 1.23437.
Regarding to the pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.49533 and the highest level at 1.50003, the pair is currently trading around the level of 1.49764.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the lowest level at 89.783 and the highest level at 89.981 , the pair is currently trading around the level of 89.847.
Market Expectations
EUR/USD :We advice to monitor the trading today for the pair Euro against the U.S. dollar , if the pair can break through the level of 1.23800 and close four hour candlestick above the 50MA this may confirm another signal for further bullish trend , but if the pair rebounds from that level that may cause a decline for the pair.
GBP/USD :We expect today for the pair Sterling against the U.S. dollar a small correction movement to the level of 1.49420 before continuing its rise to the level of 1.50900 then 1.51250, determined indicators support our expectations.
USD/JPY :We expect today for the pair U.S. dollar against the Japanese Yen a decline to the level of 89.000, at this level we advice to monitor the price if the pair can breakthrough this level that will cause more decline to the level of 88.250, and if the pair rebound that will make the pair raise again above the level of 90.000.
ositive signs show from the stochastic indicators for the pair U.S. dollar against the Japanese Yen , which make us expect a bullish trend for the pair to the target of 92.950, these expectation require stability of trading above the level of 90.650 , while the price still facing strong resistance at moving average 50.
