The AUD/USD shot straight up on Monday after the Fed Chairman Ben Bernanke stated that the case for Quantitative Easing could be made. He didn’t specifically state it outright, but was blunt about keeping rates as low...
Market review for 19 – 23.03, 2012
The AUD/USD pair rose from the 1.04 support level as the buyers stepped in just in time on Friday. The 1.04 level was the scene of a breakout from the large ascending triangle that gave us this...
AUDUSD’s downward movement from 1.0855 extends to as low as 1.0336. Further fall could be seen next week, and next target would be at 1.0100 area. Resistance is at the downward trend line on daily chart, as...
The Greece Parliament adopted the new loan agreement.
The AUD/USD pair fell most of the session on Wednesday to test the area of the 1.04 handle. This area is considered to be very supportive, and as such we fell that a buying opportunity may be...
Technical analysis for 21/03 EURUSD The pair is aiming to 1.33143. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630
The Dollar Index fall for second consecutive day after entering historic congestion zone of 80.50-81.20. Unusual correlation is observed between the benchmark equity index of the Dow Jones Industrials and the Dollar Index during the past couple...
The AUD/USD pair fell hard on Tuesday after a BHP Billiton exec was quoted as saying Chinese demand for hard commodities out of Australia was weakening. The Chinese have been the lone hope for a lot of...
The statements of German Chancellor, Ms. Angela Merkel provided support for the Euro currency.
