The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt. Losses were seen against most of its main currency rivals, including the US dollar,...
USD/CAD rose at first during the Monday session, but failed to hold onto the gains that the morning saw. The parity level acted as resistance after being support recently, and this is classic technical analysis.
AUD/USD fell initially in Monday trading, only to bounce in the later hours as the Americans bid it back up. The “risk off” trade dominated most of the session, and as a result the Aussie got hit...
USD/CHF rose for a decent portion of the Monday session, only to fall back down to form a shooting star. However, the 0.91 level is the start of a massive support zone that goes down to the...
The GBP/USD pair fell for much of the session on Monday as traders initially sold off anything to do with risk, therefore pushing the value of the Dollar up in general. The cable pair has been remarkably...
USD/JPY rose for the session, but gave up almost all of the gains by the time the session ended on Monday. The 77 level proved as strong resistance, and this shouldn’t have been a surprise as both...
EUR/USD fell for most of the session on Monday as traders continue to worry about the European debt crisis. The Greeks still haven’t come to an agreement, and as such the Dollar gained.
The Dollar Index is expected to trade sideways with 78.20 acting as key support and 79.90 acting as key resistance. Dow Industrials entering supply zone of previous year highs of 12900 ranges, which may result in the...
Market review for 30.01 – 3.02, 2012
The Dollar Index is finding support the short-term support of 78.20 on the event of the key equity index of the Dow Industrials reaching supply zone of previous year highs of 12900 ranges. DXH2 may trade sideways...
