Wall Street is expected to be largely driven by economic data next week as initial jobless claims emerge as an important barometer of U.S. economic health while corporate results take a back seat. The U.S. Labour Department...
This past week was rough for stock market bulls as commodities and the S&P 500 were hit with selling pressure. The move started with CME’s increases in margin requirement for silver contracts and gave investors a prominent...
EUR/USD Time: 08:00 Rate: 1.4404 Strategy: Short Daily time frame
The German newspaper der Spiegel noted a rumor that was floating around last Friday which said Greece had considered exiting the 17-nation euro zone during one of its recent policy meetings. Though profusely denied by German and...
Last week finished with traders perhaps feeling as if they had been put on a roller coaster and trapped. The USD continued its sudden reversal on the EUR as the Greenback gained value quickly.
The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...
Market Review – 06/05/2011 20:13 GMT Euro tumbles after German magazine reports that Greece may exit eurozone Euro tanked broadly again on Friday in New York midday after German Der Spiegel magazine reported that Greece Government raised...
USDCAD broke above the downtrend line on daily chart, suggesting that a cycle bottom had been formed at 0.9444 on daily chart. Further rally is expected in a couple of weeks, and next target would be at...
USDCHF is forming a cycle bottom at 0.8553 on daily chart. Range trading between 0.8553 and 0.9000 would likely be seen in a couple of weeks. However, the price action from 0.8553 would possibly be consolidation of...
USDJPY stays below a downtrend line and remains in downtrend from 85.51. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 78.00-79.00 area. However, a clear...
