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European equity markets will most likely open around 0.4% higher today after a range trading US session. A lot of the range trading we have seen lately is merely due to locking in profits rather than markets driven by fundamental news. We have now had several attempts making higher highs

European equity markets will most likely open around 0.4% higher today after a range trading US session. A lot of the range trading we have seen lately is merely due to locking in profits rather than markets driven by fundamental news. We have now had several attempts making higher highs

A volatile end to the month and third quarter yesterday with a number of currency pairs experiencing wild swings. EUR saw early weakness as Moody’s downgraded Spain’s debt and Ireland announced the nationalization of Anglo Irish bank. However the single currency showed its resilience with a strong bounce at fixing

A volatile end to the month and third quarter yesterday with a number of currency pairs experiencing wild swings. EUR saw early weakness as Moody’s downgraded Spain’s debt and Ireland announced the nationalization of Anglo Irish bank. However the single currency showed its resilience with a strong bounce at fixing

The EURUSD was volatile but indecisive yesterday, formed A Doji on daily chart. The bias is neutral in nearest term but overall price still maintain its strong bullish outlook. We have a resistance around 1.3700 area. Break above that area could continue the bullish pressure testing 1.3800 – 1.3888. Immediate

The EURUSD was volatile but indecisive yesterday, formed A Doji on daily chart. The bias is neutral in nearest term but overall price still maintain its strong bullish outlook. We have a resistance around 1.3700 area. Break above that area could continue the bullish pressure testing 1.3800 – 1.3888. Immediate

The pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas of 1.3605 and consolidation below it will delay the expected bullishness.

The pair continued its decline towards 61.8% Fibonacci for the upside rally from 127.60 to 135.00, which represents a solid support point at the same time. The secondary four hour chart showed a hammer candlestick formation alongside positive cross over on Stochastic but we need more confirmation that the correction

Expansion in Europe’s manufacturing sector expansion remains unrevised for September, according to analyst’s median estimate, but the reports might show further weakening in conditions, adding more concerns that recovery is floundering.