The value of the US dollar (USD) was seen trading lower during a day of risk aversion— which traditionally results in a stronger dollar. The surprise turn of events is tied with the failure of Congress and...
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
The Aussie has resumed its move to the upside overnight after 2 days of consolidation. The break above the daily range has now been confirmed with the pullback on 1,08 yesterday and we now expect a test...
The pair remains under pressure as it evolves in a clear bearish trend. We will hold a bearish bias until we see a clear reversal structure building. It is not yet the case as the market tries...
After one week consolidation, the pair has finally broken through its hostorical low which. The market is now testing the 0,80 level.
The pair continues to trade lower and is now testing the 78,00 level. If the market establishes below this support, we might see a continuation towards March low at 76,30.
The GPB/USD has resumed its move to the upside overnight after a consolidation on Monday. A confirmation above 1,6350 will potentially expose 1,66 (weekly bollinger band).
The pair has confirmed a bullish bias by breaking above last week high and is now testing a strong descending trendline.
Market Review – 25/07/2011 21:59 GMT Dollar falls on U.S. debt ceiling impasse The greenback tanked to a fresh lifetime low against the Swiss franc and hit a 4-month low versus the Japanese yen on Monday due...
Market review for 18 – 22.07, 2011
