Market Review – 14/03/2011 20:14 GMT Euro strengthens as EU leaders widen the scope of rescue plan The euro extended its Friday’s rally on Monday as the EU leaders surpassed all expectations by agreeing to widen the scope...
The GBP/USD currency pair is demonstrating a slight correction after a decline to 1.5980.
GBP-CHF The pair stands around the supporting area from December 2008 at – 1.5120 (the brown line) that broke in 2010 and ever since crosses the area back and forth. The daily graph is situated on the...
Common currency settled higher at 1.3901 on Friday and ended short-term down rally after finding support at 1.3752. EURUSD till it trades above 1.3750, trend may remain very much bullish. Swiss franc may lose further against the...
Traders should be prepared for swift and volatile broad markets today and perhaps the remainder of this week as financial institutions and investors come to grips with the Japan tragedy. The scope of the devastation in Japan...
Market Review – 11/03/2011 20:32 The Japanese yen rallies broadly after massive earthquake in Japan The Japanese yen surged across the board on Friday on speculation that Japanese insurance companies will need to sell foreign assets to...
USDCAD stays below a falling trend line on daily chart, and remains in downtrend from 1.0057. Deeper decline is still possible next week and next target would be at 0.9600 zone. Resistance is at the trend line,...
USDCHF remains in downtrend from 0.9774. The bounce from 0.9201 is treated as consolidation of downtrend. Another fall towards 0.9000 area would likely be seen next week. Resistance is at 0.9450, only break above this level could...
USDJPY stays in a trading range between 80.30 and 84.50. The price action in the trading range is likely a symmetrical triangle pattern. Downtrend from 94.98 could be expected to resume after breaking below the lower boundary...
AUDUSD stayed in a narrow range between 0.9940 and 1.0200 for several weeks. Another rise to re-test 1.0255 key resistance would likely be seen next week, a break above this level will indicate that the uptrend from...
