The U.S Dollar looses against the Euro for third consecutive day; unable to trade beyond 76.50 the Dollar Index (DX) June basis, succumbed to profit taking at 76.10 ranges to trade currently at 75.23; 74.40 is expected...
ForexPros Daily Analysis May 19, 2011 Intraday congestion shows the indecision in the EUR/USD The dollar’s buying momentum continues to struggle at 75.70. Recent highs at 75.73 and 75.70 have proved to be where the bulls are...
British pound loses more than 100 points today.
American shares rose Wednesday in a partial bounce-back from their recent slid. We started the day off with positive figures from Dell and finished the day off digesting the Fed minutes. The Fed doesn’t seem to be...
The U.S Dollar starts trading weak again; unable to trade beyond 76.50 the Dollar Index (DX) succumbed to profit taking at 76.10 ranges to trade currently at 75.40. Benchmark equity index of the Dow Jones Industrials (DJIA)...
ForexPros Daily Analysis May 18, 2011 Euro, Pound Rebounding To Next Setup, Yen Back In Range Euro: On the daily, the euro is threatening its short setup at 1.428 and may move into its next setup. The...
U.S. stocks fell for a third straight session after housing data and a slashed forecast from Hewlett-Packard Co. added to fears of further economic weakness, but shares ended off the day’s lows, helped by recent strength in...
A confidence game is in full effect as government officials including Central Bank leaders and CEO’s from various corporations speak about the ‘health’ of the global economy. The ECB is insistent that the Greek debt situation and...
The US dollar opened this week moderately stronger versus the euro Monday as traders continued last week’s shift into safer assets. As of late trading Monday, however, the EUR/USD pair shifted back into a bullish posture as...
Dollar Index (DX) falls unable to trade beyond 76.50; profit taking was witnessed in the U.S Dollar across the board after the Dollar Index hit major resistance zone on 76.20-76.50 ranges to currently trade at 75.28.Benchmark equity...
