Market Review – 21/04/2011 19:18 GMT Euro retreats from16-month high of 1.4649 on profit-taking ahead of Good Friday holiday The single currency extended Wednesday’s rally to a fresh 16-month high of 1.4649 in European morning on Thursday due...
Market review for 18 – 22. 04, 2011
With Europe still on holiday in observance of Easter, today’s markets will be highly illiquid, making most currencies continue to trade within tight ranges until the opening of trading on Tuesday. Tomorrow’s news should be much more...
The U.S Dollar continued depreciating after breaking critical support of 74.825. Bear trend seems to sustain till the daily close is not beyond 75.20. Only daily close above 75.60 would post short-term bottom.The Dow Jones Industrials (DJIA)...
GBP/USD has broken above the 1.65 level, which is a sizeable marker for this pair. The pair will certainly struggle until 1.70, but does look bullish overall. Because of this, we are finding this market very constructive....
The USD/JPY had a quiet day today as the Good Friday holiday slowed markets down. In fact, the analysis is the same as yesterday – we may struggle a bit at the 81-82 levels, but this area...
EUR/USD broke above 1.45 this week and shows that the EUR/USD trend is serious. The market looks to run to 1.50, and one would have to believe that this market will find it fairly soon. The selling...
USDCAD’s bearish movement extended to as low as 0.9453. Resistance is at the falling trend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would...
USDCHF remains in downtrend from 1.1730 (Jun 1, 2010 high), and the fall extended to as low as 0.8780. Further fall could be expected in a couple of weeks and next target would be at 0.8500 area....
USDJPY is now in downtrend from 85.51. Deeper decline is still possible in a couple of week, and the target would be at 80.00 area. Resistance is at 83.15, as long as this level holds, downtrend will...
