The euro traded near a two-week low against the dollar on speculation some European nations and banks will struggle to raise funds amid the region’s debt crisis. The euro also fell to a series of fresh all-time...
Market Review – 20/12/2010 21:30 GMT Euro falls as European debt worries grow The euro tumbled broadly on Monday on lingering European debt worries as Moody’s downgraded two Irish banks to junk status.
Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that...
The EUR/GBP currency pair closed up last week. Nevertheless, the EUR/GBP reduced slightly after that it did not break through the resistance level around 0.8535.
ForexPros Daily Analysis December 20, 2010 Euro Dollar: Friday’s action seems to confirm the short at 1.33777, with a target of 1.27715. I would like to see a close below 1.31445 to confirm the short.
Confusion over if and when the Irish bailout will occur, has caused the euro to extend its losses from last week in overnight trading. Against the USD, the 16-nation currency dropped as low as 1.3126 before staging...
Market Review – 17/12/2010 21:42 GMT Euro tumbles after Moody’s downgrades Ireland by five notches The single currency tumbled against the U.S. dollar on Friday after Moody’s downgraded rating of Ireland to BAA1 from AA2 and said...
NZD/USD: For several weeks, the pair is on a downtrend. During the last session, a support at 0.7399 was broken down.AUD/JPY: A few sessions ago, the pair crossed the daily resistance at 82.85.
Rather prolific week in data releases coming from major economies just elapsed. But let’s leave fundamentals for a second part of report and start our week summary from technical analysis’ factors as probably the most weighty ones.
USDCAD stays in a trading range between 0.9977 and 1.0378. Moving sideways without trend in the range is still possible in a couple of weeks and bounce towards 1.0378 would more likely be seen next week. Support...
