The Greenback strengthens across the board; U.S Dollar gained most against the Euro where as remained flat against the Aussie Dollar and the Cable; 74.40 is expected to act as critical support for Dollar Index (DXM11), only...
The EUR debt crisis continues to pick up steam. And repeating a performance from the past two weekends, European governments made several pronouncements over the weekend which are likely to affect investors today. The EUR lost ground...
USDCAD is facing the resistance of the downtrend line from 1.0285 to 0.9973, a clear break above the trend line resistance will indicate that the long term downtrend from 1.0672 had completed at 0.9444 already, then the...
USDCHF may be forming a cycle top at 0.8945 on daily chart. Deeper decline towards 0.8553 previous low would likely be seen next week, a breakdown below this level will indicate that the long term downtrend from...
USDJPY had formed a cycle bottom at 79.58 on daily chart. Further rally is still possible next week, and target would be at 83.00 area. Support is now at 81.00, only break below this level could trigger...
AUDUSD is now in downtrend from 1.1011. Further fall could be expected next week, and next target would be at 1.0200-1.0300 area. Key resistance is at 1.1011, only break above this level could indicate that the long...
GBPUSD’s downward movement from 1.6745 extended to as low as 1.6105. Deeper decline towards 1.5936 support could be seen next week, as long as this level holds, the price action from 1.6745 is treated as consolidation of...
EURUSD may be forming a cycle bottom at 1.4048 on daily chart. Range trading between 1.4048 and 1.4500 would likely be seen in a couple of weeks. Support is at 1.4048, only break below this level could...
Greenback drops with the release of the weak US data.
U.S. stocks ended with mild gains Thursday, putting two major indexes in positive territory for the week, as sentiment improved on the heels of a lower claims for jobless benefits and decent quarterly results in the retail...
