The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...
Market Review – 27/07/2011 22:01 GMT Dollar rebounds on short-covering despite continued debt limit impasseThe greenback recovered against most of its counterparts on Wednesday but remained under pressure versus the Japanese yen as politicians were no closer...
Speculations over the possible US default pressured the greenback.
ForexPros Daily Analysis July 27, 2011 Is EUR/GBP Ready to Resume Downtrend? The Euro stabilized to some degree in days following the agreement to aid Greece for the second time. It seems that fears about possible dissolution...
The dollar has been pressured as the gridlock in Washington increases with the August 2nd deadline for Congress and the President to raise the debt ceiling.
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
The upside move has been gathering pace over the past 2 days. Thanks to a better than expected CPI, we have seen the pair breaking through its record high at 1,10 during the asian session.
The pair remains under pressure as it evolves in a clear bearish trend. However, the market seems to consolidate on top of 0,94. A break below this level though would accelerate decline.
The pair has been consolidating yesterday as the market is testing the psychological 0,80 level.
The pair remains under pressure while trying to establish below 78,00. Next target is given by March low at 76,30.
