The euro rose to a near 4-month high against the U.S. dollar on Wednesday on prospects the European Central Bank (ECB) will today emphasize a readiness to raise record-low interest rates amid increasing price pressures.
Hello everyone and welcome back. Let’s take a look at the AUD/USD hourly chart. If you take a look at our screen shot, you’ll see a Contracting Triangle (CT) forming at an upward angle. It does seem...
Market Review – 02/03/2011 19:48 GMT Euro strengthens to a 2011 high on ECB rate hike outlook Euro rose sharply on Wednesday as higher-than-expected eurozone PPI fueled speculation that ECB may raise interest rate to curb inflation...
Speech of Ben Bernanke supported the greenback today. Asian and European trading sessions: Australian Dollar: Australian dollar strengthened against the yen today since the released Australian retail sales data turned out to be above expectations. The Reserve...
The AUD/USD is making a strong rollback off the resistance level near 1.0200. Earlier the pair has successfully tested the 1.0156 level.
The final numbers for the major currencies mask what was in fact a volatile trading day. The EUR, GBP, and CHF all settled within .1% of their close on Monday, as the European session’s moves were undone...
DJ faced resistance and settled lower at 12058.02 yesterday, almost 200 points lower from day’s high. Common Currency may find stiff resistance at 1.3955 ranges. ERUUSD though settled negative but caught in 1.3700-1.3865 range since last four...
The US dollar saw very little substantial movement during the Asian trading session as investors eagerly await today’s ADP Non-Farm Employment Change figure, set to be released at 13:15 GMT. Analysts are predicting the ADP number to...
Greetings. Let’s pull up the USD/JPY hourly chart. As you can see, we’re resting right on a major trend line and the next day or two may help solidify the pair’s movement.
Market Review – 01/03/2011 20:21 GMT Euro falls in NY as the rise in oil prices dents risk appetite Euro fell on Tuesday as crude oil prices surged due to the supply disrupttions n more turmoil in...
