AUD/USD had a rough day on Thursday as it both shot straight up, and then fell apart. The original move was in reaction to the EU announcement of a rate cut, something the market desperately wanted.
The Euro gained amid expectations that Europe will expand the fund for assistance
AUD/USD rose on Wednesday after printing a hammer on Tuesday to show support again. The Aussie is a “risk on” currency, and with each rumor that looks like the EU will get some kind of relief, this...
The Dollar Index (December basis) is trading flat with 77.80 acting as important support on the event of flat to weaker trading in most of the asset classes especially the benchmark equity index of the Dow Industrials....
Market participants’ expectations for upcoming EU economic summit supported the Euro.
AUD/USD fell during most of the session on Tuesday as traders continue to sell risk worldwide. Also, the RBA cut rates in the early hours, which of course didn’t help the demand for the Aussie.
AUD/USD rose a bit during the Monday session, but mainly appeared somewhat lost and directionless. The pair has seen strong gains recently, and as a result – this positive day is more impressive than the candle would...
The Dollar Index (December basis) is trading flat with 78.00 acting as important support on the event of flat to weaker trading in most of the asset classes. Major trend is range bound between 73.40 and 81.20...
Market review for 28.11 – 2.12, 2011
On Friday the Dollar Index traded weak for most part of the European session but mild weakness in the benchmark equity index of Dow Jones resulted in the Greenback surge. Major trend is range bound between 73.40...
