Search Results for: currency market
Technical Analysis- EUR/USD to remain bearish
July 28th, 2014
Technical Analysis EUR/USD for Monday, July 28, 2014 Pair’s Outlook Although the Euro refused to decline for two days, in the end the bears managed to push the currency below the monthly S2 level. The current downward tendency is ...
USD/CAD reached 1.0815 on Economic Concern
July 28th, 2014
The Canadian dollar sank to a five-week low before reports next week that are forecast to show the nation’s economy is lagging behind that of the U.S., its biggest trading partner. The currency fell for a second day against ...
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
Vodafone revenue dragged lower by Spain and South Africa in first quarter
July 25th, 2014
Vodafone received no relief from tough market conditions in the first quarter, with a slowdown in Spain and South Africa resulting in another heavy drop in its key revenue measure. The world’s second-biggest mobile operator said the pace of ...
Technical Analysis EUR/USD refuses to go down
July 25th, 2014
Pair’s Outlook For the time being the single European currency is reluctant to decline, even though it has just breached one of the key support lines, namely 1.35. Right now the pair is facing the monthly S1 at 1.3436, ...
Technical Analysis GBP/USD fell to 55-day SMA
July 25th, 2014
Pair’s Outlook Although a breach of the resistance on Jun 30 represented by the 2009 high was considered to be a bullish sign, in the end the Sterling proved to be unable to sustain a rally. Right now GBP/USD ...
Technical Analysis USD/JPY re-tests monthly pivot point
July 25th, 2014
Pair’s Outlook Not without some difficulties, but USD/JPY managed to reach the resistance at 101.83/73. However, despite the monthly technical indicators giving ‘buy’ signals, the pair may not advance further. The supply area the U.S. Dollar is facing is ...
Technical Analysis USD/CHF to preserve momentum
July 25th, 2014
Pair’s Outlook USD/CHF seems to be already taking a break in view of the coming weekend, as it is making no progress after setting foot above the resistance at 0.90. This fact should result in the currency pair rising ...
USD/JPY about to hit 101.83/73
July 24th, 2014
Pair’s Outlook Slowly but surely the U.S. Dollar is outperforming the Yen, as it has received a bullish impetus after a test of 101. However, taking into account the number and toughness of resistances that USD/JPY has yet to ...
Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt
July 24th, 2014
South Korea’s Hyundai Motor said its net profit fell by the most in five quarters, as the local currency’s sharp gain and higher U.S. discounts to entice customers overshadowed solid April-June vehicle sales in China and at home. Hyundai ...
