With the Dow Jones Industrials (.DJIA) unable to sustain above 13000 mark, the Dollar Index may trade sideways between 78.60 and 79.85. Though the major trend of the Greenback is bearish, it may trade sideways for couple...
The Dollar Index resumes bearish trend after hitting short-term resistance of 80.20 to currently trade at 79.00; daily close below 78.30 may drag the Greenback further lower. The benchmark equity index of the Dow Jones Industrials is...
Market review for 13 – 17.02, 2012
AUD/USD fell after initially rising during the Friday session as the 1.08 level has held as resistance yet again. The level seems to be extremely durable, and one simply cannot help but feel that a pullback could...
AUDUSD stays in a upward price channel on daily chart, and remains in uptrend from 0.9861, the price action from 1.0844 could be treated as consolidation of the uptrend. Another rise towards 1.1080 previous high is still...
AUD/USD rose during the session with all of the other risk related currency pairs as the ECB announced it would be swapping Greek bonds it owns for longer dated ones over the weekend. This helps the process...
The Euro zone’s GDP contracted by 0.3% in a 4Q.
The rating agency Moody’s downgraded the credit ratings’ of six European countries,
The AUD/USD pair had a volatile day on Tuesday. The pair continues to hover just below the 1.08 level, and the headlines around the world continue to be a drag on the upward momentum.
The US Dollar Index has hit the short-term resistance of 79.80 ranges during yesterday’s New York trading session and has started weakening since today’s Asian trade; daily close below 79.10 would drag DXH2 towards the short-term support...
