07/07/2011 11:48 UTC CAD swings higher as it strengthens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for CAD is 7 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis July 07, 2011 Dollar Index Pares Losses As Liquidity Returns The dollar index had a bullish up day yesterday following 6 consecutive bearish candles. This bullish candle formed as liquidity returned to the market...
07/07/2011 09:46 UTC CHF swings lower as it weakens against the USD, JPY, AUD, CAD and NZD. Recent mid-term strength indicator reading for CHF is 6 out of 8, thus suggesting that the current swing may be...
Shares closed higher Wednesday on low volume as Wall Street looked beyond a weak reading on the U.S. services sector and overseas debt issues and interest-rate hikes. The market seems to be bouncing in an upward direction...
With interest rate decisions on tap today, many investors appear weary of taking on risk. Should the ECB lift rates today, as is expected, there is potential for the EUR to see a sharp downturn as investors...
So here we sit on the cusp of yet another likely interest rate hike from the ECB. Is this an interest rate hike to slow down out of control growth or inflation? No. It is in the...
The US Dollar traded mixed wherein mild correction was seen in the Euro and the Cable; where as the Aussie Dollar posted mild gains and the Swiss Franc traded flatKey equity index, Dow Jones Industrials (DJIA) finds...
Considering the US Dollar bounce and the renewed risk aversion on the market, the Aussie has been outperforming yesterday stopping its setback above 1,0650. A break above 1,08 would probably resume the uptrend with an acceleration towards...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 and we might see a...
The USD/CHF setup is very constructive with the formation of a potential matrial base on top of the historical low at 0,8275 but as long as the pair remains stuck below its daily descending trendline and strong...
