The fears still dominate the market after the US failed to reach agreement on raising the debt ceiling and the European debt crisis escalated, supporting the haven demand and damping the appeal of higher yielding currencies.
The USD/JPY pair traded near its lowest level in four months, as the EU debt crisis fueled risk aversion which increased demand for lower yielding currencies, opening the way for the Japanese currency to keep its gain...
ForexPros Daily Analysis July 18, 2011 Commodity Currencies Will Be Bought Once S&P Consolidation Completes The markets are consolidation as Japan was closed for holidays. But looking from a little bit larger perspective we may see dollar...
The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
The US economy will largely be absent from the economic calendar today, with the exception of the ever-important TIC Long-Term Purchases report which measures the level of foreign and domestic investment in the US. A minor housing...
Market Review – 15/07/2011 21:34 GMT Euro little changed against dollar despite better-than-expected stress-test results The single currency hovered around 1.4157 against dollar near New York close after a choppy session on Friday. Although the European Banking...
The pair is now back under pressure after a new fail at the top of its range (1,08). Considering the latest price actions, we now expect a new test of 1,05 with a possible extension towards 1,0450...
After a new fail to establish above 0,97 and despite an attempt to hold above 0,9550 last week, the pair remains in intense bearish pressure.
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
