The AUD/USD pair had a pretty wild session on Tuesday, as traders reacted to varying headlines around the world. The European issues continue to dominate headlines at the moment, and fears out of Europe rocked the markets.
The Dollar Index continued to appreciate throughout the European session but profit booking was witnessed during the American session on the event of the benchmark equity index of the Dow Jones recovering off the gap down opening...
The AUD/USD fell on Monday as the global “risk off” trade came back in full force. With lack of risk appetite, the pair was always doomed to fall. The bounce that we saw last week was certainly...
Europe may need more time to solve the problem of sovereign debt.
The Dollar Index ended its loosing streak after hitting major support zone of 76.00-76.50 resulting in correction in the benchmark equity index of DJIA. Though 76.00 ranges are expected to again act important support in medium term;...
Market review for 10 – 14. 10, 2011 Previous trading week demonstrated a considerable strengthening of the euro. One of the reasons for this rally on the first day of the week was based on the fact...
The AUD/USD pair had a wildly bullish session on Friday as traders bought this pair hand over fist. The “risk on” trade was the order of the day, but one cannot help but think this move has...
AUDUSD broke above 0.9984 resistance, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0764 had completed. Further rise could be seen after consolidation, and next target would be at 1.0700...
The US Dollar and the Yen strengthened against major currencies amid growing demand for safe-haven assets. Asian and European trading sessions: Euro: After the yesterday’s rapid growth associated with the fact that Slovak political parties agreed to...
The Dollar Index flat amidst flat trading session witnessed in most of the asset classes especially the benchmark equity index of DJIA; the short-term trend is still weak till the Dollar Index does not close above 78.50...
