Market Review – 24/08/2011 21:57 GMT Dollar advances broadly on speculation Fed won’t provide more stimulus The greenback rose across the board Wednesday as investors lowered their expectations that Fed Chairman Ben Bernanke will signal further stimulus...
Willingness to take risks increased today.
The Dollar traded flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation between the Dollar Index...
With a report from the American housing market being released yesterday, traders have begun to see a sudden loss of strength in the core assets of the American economy.
The pair continues to be well bid as it seems to have found some good support on top of the 200 moving average.
The pair continues to consolidate (more than 2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
The pair continues to consolidate after its sharp from its record low (0,7070) as market participants are now waiting for the next move from the SNB.
The pair continues to consolidate on top of its historical low (76,00). The downside pressure is still very present but a bottom might be in place.
We still consider the Cable slighly bullish despite the current consolidation. The market might be testing April high at 1,6750 soon if the 1,66 resistance is cleared.
Nothing really new with the EUR/USD which continues to trade flat with market participants waiting for a possible QE3 announcement from the Fed next friday.
