AUDUSD bounced strongly from 0.9663, and the rise extended to as high as 1.0327, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0751 had completed. Further rise would likely be...
The AUD/USD pair struggled on Friday as the market sold off in general. The Thursday session produced a hammer, and the Friday session formed a shooting star – effectively stating that the pair is confused and could...
AUD/USD fell during the session, but bounced back to form a hammer by the end of the day. This shows that the pair still wants to rise, and that the majority of traders think that the pair...
The Dollar Index again take resistance in the ranges of 79.50 to currently trade at 78.30 resulting in major rally in most of the asset classes especially the benchmark equity index of the Dow Jones Industrials. Major...
The AUD/USD shot straight up during the session as the “risk on” trade came back into the fold as the central banks of the world have coordinated to make the borrowing of Dollars cheaper for the banks...
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
The Dollar Index is trading at the previous resistance zone of 79.50 from where it sold off to 74.50 ranges during October. Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
The AUD/USD pair rose above the parity level on Tuesday as the commodity trade took off. The appetite for commodities was fueled by hopes of an EU workout. The pair has lost a bit off the top,...
Today the demand for the Government bonds of European countries showed a significant increase.
Market review for 21 – 25.11, 2011
