Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....
AUD/USD fell on Monday, but managed a bounce again as American traders continue to ignore any signs of global economic issues. The pattern has been the same for a while: Asians and Europeans tend to sell off...
With most of the asset classes especially the benchmark equity index of the Dow Jones traded sideways, resulting in the Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen...
Market review for 30.10 – 4.11, 2011 Last week demonstrated a rather diverse trading dynamics of the major currencies. On Monday the euro droppedagainst the main currencies after the release of the unemployment in Italy and in...
The Dollar Index is trading sideways between 77.30 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act as formidable resistance.
The pressure remains on the topside given the recent price action and the studies setup.
AUD/USD had an initially weak session on Friday, but bounced in later hours as the Americans went hunting for values. The pair looks like it is finding support in the form of 1.03, and as such could...
AUDUSD pulled back from 1.0751 and the fall extended to as low as 1.0202, suggesting that a cycle top had been formed on daily chart. The pair is now in downtrend, deeper decline could be expected after...
AUD/USD had a strong day on Thursday as traders celebrated the cancelling of the Greek referendum. The risk trade came back, and as always – the Aussie benefits. The 1.05 level above is still a massive resistance...
Unfavorable market conditions may delay the bond issue. Asian and European trading sessions: Euro: During the Asian and European trading sessions, the euro showed correction after yesterday’s decline against the US dollar, setting his daily high at...
