The JPY started off the week by falling to a fresh 11-month low against the euro, as positive global data has led to increased risk taking among investors. After hitting 123.30 during the overnight session, the EUR/JPY...
Market Review – 08/04/2011 19:41 GMT Dollar falls across the broad on worries of U.S. government shutdown The greenback declined against most of its counterparts on Friday as Democratic and Republican party leaders in Congress remain divided over...
USDCAD’s downward move from 1.0672 extended to as low as 0.9526. Further fall is still possible in a couple of weeks, and next target would be at 0.9300-0.9400 area. Resistance is at 0.9650, as long as this...
USDCHF has formed a cycle top at 0.9339 level on daily chart. Deeper decline towards 0.8922 previous low could be seen next week, a breakdown below this level will indicate that the downtrend from 1.1730 (Jun 1,...
USDJPY’s upward move from 76.40 extended to as high as 85.51. Support is at 83.85, as long as this level holds, uptrend could be expected to continue, and next target would be at 87.50 area. However, a...
AUDUSD continued its upward movement from 0.9704 and reached as high as 1.0581. Further rise is expected next week, and next target would be at 1.0800 area. Support is at 1.0450, as long as this level holds,...
GBPUSD broke above 1.6400 previous high and reached as high as 1.6427, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600...
After a minor consolidation, EURUSD broke above 1.4281 resistance and reached as high as 1.4487. Further rise is expected in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300, as...
Upon the interest rate hike from the ECB on Thursday the broad markets reacted with calm. However, after ECB President Trichet’s press conference things began to get interested and have built on the energy since then. The...
Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over...
