Market Review – 29/03/2010 22:48GMT Euro rises after Greek bond sales at open market The greenback traded lower against most major currencies due to returned risk appetite after Greece’s debt management agency said it sold new debt...
GBP/USD Open 1.4918 High 1.5013 Low 1.4812 Close 1.4892Pound/Dollar rose partially on Friday, following the Euro, in converse with the negative Interbank sentiment at around -40.5%. The Cable climbed on Friday from to 1.4812 to 1.4913, closing...
Last week ended with a recovery for the Euro, mainly due to speculations that the Euro-Zone will offer a bailout plan for Greece. This week’s trading will continue to be affected by the Greece debt crisis, yet...
EUR/USD Open 1.3446 High 1.3492 Low 1.3269 Close 1.3404Dollar was under pressure from the Euro on Friday after hopes were given for Greece to get help from ECB, in converse with the the Interbank sentiment exposure at...
Market Review – 27/03/2010 02:10GMT Euro rises on endorsement of Greek aid plan by ECB’s Trichet The single currency rallied across the board on Friday after euro-zone leaders agreed on a financial aid package for Greece, however,...
USDCAD is forming a cycle bottom at 1.0061 level on daily chart. Range trading between 1.0061 and 1.0370 would more likely be seen in a couple of weeks. However, the bounce from 1.0061 is treated as consolidation...
USDCHF stays above the rising trend line from 0.9917 to 1.0132 and remains in uptrend from 0.9917. As long as the trend line support holds, another rise towards 1.1000 is possible. Key support is now at 1.0506,...
After breaking above the trading range between 89.63 and 91.08, USDJPY bounced sharply to as high as 92.95 level, suggesting that the rise from 88.14 could possibly be resumption of uptrend. Further rally to test 93.75 key...
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. As long as the channel support holds, further rally is possible and next target would be at 0.9300 area. However, a...
GBPUSD is testing 1.4784 key support, a breakdown below this level will indicate that a cycle top has been formed at 1.5382 level on daily chart, then deeper decline to 1.4500 area could be seen. Key resistance...
