The USD/JPY continues its slow march south as the trading world tentatively tests the patience of the Bank of Japan. The central bank intervened just two weeks ago, and at levels just above where we presently sit.
Most of the asset classes, especially the equity bourses succumbed to selling pressure resulting in the Dollar Index recovering again from important support of 74.00 ranges. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation...
Market Review – 18/08/2011 22:32 GMT Dollar and yen rally broadly on debt crisis and global economic growth The single currency tanked on Thursday on renewed risk aversion as investors were worried about Europe’s debt crisis could...
US Dollar drops against competitors. Asian and European trading sessions: Euro: Today the EUR/USD pair managed to show a strong positive dynamics and almost reached the $1.4500 maximum. Released negative Euro-zone Consumer price index did not pressure...
The pair has extended hits gains reaching 1,06 during last trading session before reversing.
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonacci retracement level which is now a key level to watch.
The pair remains very well bid after its sharp rally from last week but it is currently consolidating.
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
The Cable was one the big movers of the last trading session reaching a top near 1,66.
The pair remains well bid after a confirmed break above the long term descending trendline. The former resistance is now playing as a strong support.
