Market Review – 18/04/2011 19:50 GMT Euro tumbles as European sovereign debt fears mount Euro tanked on Monday with increasing fear of a possible Greek debt restructuring and the yield on Greece’s 2-year bonds surged to a record...
Last week, Wall Street ended mixed tendencies to close slightly higher after President Obama delivered his plan for reducing the deficit by $4 trillion over 12 years, and as the Federal Reserve’s beige book. It seems that...
The U.S Dollar depreciated to all time low of 74.825 despite the Michigan Sentiment rising month-on-month. The Euro is expected to take resistance at the historical resistance zone of 1.4500-1.4550 ranges; Swiss Franc is expected to further...
U.S. stock indexes have largely been treading water, as Wall Street preps for an onslaught of earnings that will have more than 100 S&P 500 companies reporting in the week ahead. Next week everyone will be focused...
NZD/USD Time: 07:30 Rate: 0.7945 Strategy: short Considerations: Weekly time frame: Wolf deviation in the indicators – potential for short in a shorter time range.
Though the USD is gaining ground on the euro, the blame lies not on US strength but in euro zone weakness. The EUR failed to break above key resistance levels and promptly dropped as a result, pushing...
The USD gained on the EUR on Friday with the Greenback practicing a slightly better stance. The USD has seen sustained pressure, but managed to find some backing as rumors continued to swirl regarding the European Sovereign...
Market Review – 15/04/2011 19:57 GMT Euro falls on renewed fears over European periphery debt defaults Euro fell against the dollar and the Japanese yen on Friday as fears over European periphery debt defaults increased after Moody’s cut...
USDCAD remains in downtrend from 0.9973, the bounce from 0.9526 is treated as minor consolidation of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at 0.9400 zone. Resistance is...
USDCHF broke below 0.8922 previous low support, suggesting that the downtrend from 1.1730 (Jun 1, 2010 high) has resumed. Deeper decline could be seen in a couple of weeks, and next target would be at 0.8700 zone.
