The price for a barrel of Light, Sweet Crude soared over the past several trading days, climbing above $103.75 in this morning’s early trading session. After approving limited action to quell Muammar Qaddafi’s assault on the Libyan...
The U.S dollar traded mixed against the major pair, especially the Japanese Yen, where in it has gained by more than 100 pips on Friday. Volatility is expected to continue due to volatile Japanese Yen. Dollar Index...
Market Review – 18/03/2011 20:16 GMT G7 jointly intervenes to weaken the Japanese yen The greenback rallied against the Japanese yen on Friday as Group of Seven rich nations carried out the first coordinated intervention since 2000 following...
USDCAD is forming a cycle top at 0.9973 level on daily chart. Key support is at 0.9667, a breakdown below this level will confirm the cycle top, then another fall towards 0.9500 could be seen. Resistance is...
USDCHF’s downward movement extended to as low as 0.8922. Further fall is still possible in a couple of weeks and next target would be at 0.8500 area. Resistance is at 0.9150, as long as this level holds,...
USDJPY broke below the symmetrical triangle pattern and reached as low as 76.40, a new all time low, suggesting that the long term downtrend from 124.16 (2007 high) has resumed. The subsequent bounce from 76.40 is treated...
AUDUSD may be forming a cycle bottom at 0.9704 level on daily chart. Further rise towards 1.0255 previous high would likely be seen in a couple of weeks, a break above this level will indicate that the...
GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks, as long as 1.5962 key support holds, uptrend could be expected to resume, and another rise towards 1.7000 is still possible. However, a break above...
EURUSD’s upward movement extended further to as high as 1.4183. The pair is now facing1.4281 resistance, minor consolidation would likely be seen before breaking above this level. Range trading between 1.4000 and 1.4200 is expected next week.
The GBP/USD currency pair failed again to break the support level 1.5980, to rebound up further. Nevertheless, the viewpoint at the pair is still bearish.Earlier on a 4-hour graph the GBP/USD has formed a Dark Cloud Cover...
