The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue...
Market Review – 23/02/2011 20:08 GMT Euro strengthens to a 3-week high on ECB rate hike outlook Euro rose to a 3-week high on Wednesday on speculation that ECB may hike interest rates earlier than the Fed...
Demand for the save-heaven assets is growing.
Following yesterday’s devastating earthquake in New Zealand, the NZD/USD dropped close to 200 pips, reaching as low as 0.7430 before staging a slight correction in the Asian session. The pair is currently trading just above the 0.7500...
Greetings. Let’s take a look at the EUR/USD hourly chart. There are still a lot of strong resistance levels we’re watching for before we see bigger potential move up. We’re still watching the pair closely and looking...
Common currency settled marginally lower at 1.3672 and showed sharp recovery from day’s low of 1.3525. Till it trades above 1.3428, we don’t see any major correction in EURUSD, 1.3744, high of 09th February 2011, is immediate...
Instability in the Middle East and Africa regions concerns the market.
The EUR/USD currency pair has found a strong resistance level near 1.3720-1.3740, to roll back further. Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.
Spot crude oil prices rose to their highest level of the year following further violence in Libya and Yemen, as well as protests in Iran. As unrest spreads, crude oil and the US dollar look to benefit...
Dow Jones Industrials (.DJIA) correlation suggests strength for Dollar in very short-term. With Dow showing signs of sell off from historic congestion zone of 12300 ranges, most of the majors showed signs of yielding against the USD....
