Market review for 11-15.06.2012
AUDUSD has formed a cycle bottom at 0.9581 on daily chart. The pair is now in uptrend from 0.9581, further rise could be expected next week, and next target would be at 1.0300 area. Support is at...
The AUD/USD pair rose during the Thursday session as the “risk on” attitude of the markets was boosted by the central banks out there suggesting that they were going to step in and provide liquidity for the...
The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are...
The Spanish bonds yields’ grew to their maximum level of 6, 728 %.
The AUD/USD pair had a bullish session on Tuesday as the “risk on” trade came back. Rumors of Federal Reserve easing continued to hit the markets, and as a result the “hopium” trade returned.
The AUD/USD pair fell hard during the session on Monday as the “risk off” trade came back with a vengeance in the European afternoon. The parity level has served as massive resistance again, and this pair looks...
Market review for 04-08.06.2012
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
AUDUSD failed to break below 0.9390 (Oct 4, 2011 low), and rebounds from 0.9581, suggesting that a cycle bottom has been formed on daily chart. Further rise to test 1.0150 key resistance would likely be seen next...