With the Fed’s Interest Rate decision due today, the US Dollar is trading sideways against most of the FX majors. The medium trend is bullish till 79.60 ranges are holding on weekly closing basis, though 83.30 ranges...
The Asian financial markets celebrated a New Year.
Following yesterday’s bullish run for the euro, the currency will attempt to extend its gains in trading today. Investor confidence in the euro steadily increased throughout the day yesterday,
USD/CAD fell on Monday as the oil markets got a bit of a boost by the passing of sanctions by the EU on Iranian oil. Of course, this doesn’t really take effect until July 1,
AUD/USD rose quite nicely on Monday as traders not only went for commodity currencies, but risk overall. The gold markets did well, and this is normally good for the Aussie.
The USD/CHF fell fairly hard on Monday as the Dollar took it on the chin against many currencies around the globe. It appears that the “risk on” trade has come roaring back over the last couple of...
GBP/USD rose again on Monday as traders continue to sell off the US dollar in general. The Pound did well against the Greenback, but only marginally so.
USD/JPY continues to lull traders to sleep as it goes sideways in a roughly 70 pip range over the last several sessions. Monday saw more of the same, and formed a doji.
Market review for 16 – 20.01, 2012
While the euro saw some upward momentum in trading last week, the real test of the currency’s strength will be today, as news of a possible deal on Greek debt is announced. Traders will want to pay...
