AUD/USD rose on Wednesday as traders took on more risk due to hopes of a solution to the EU’s debt crisis. However, the pair has stopped as the first significant resistance area above the parity level.
The Dollar Index continued loosing streak on the event of stronger asset classes especially the equity bourses; the short-term trend is still weak till the Dollar Index does not close above 78.50 on daily basis. Though 76.00...
The euro decreased in the threshold of the voting over the EFSF expansion. Asian and European trading sessions: Euro: The euro traded in the narrow range after the yesterday’s rapid growth against the greenback. The EUR/USD traded...
The Greenback traded dull against most of the FX majors, the short-term trend is still weak till the Dollar Index does not close above 78.50 on daily basis. Though 76.00 ranges are expected to again act important...
The AUD/USD fell originally during the Tuesday session, but managed to pop back up during the later hours. The resulting candle is a hammer-shaped one, and this suggests some kind of support just below where the market...
Euro showed its considerable growth against the greenback.
The Aussie continued to power forward during the Monday session as traders continue to take on the “risk on” trade globally. The Aussie is very sensitive to global risk, so this move is to be expected.
The Dollar Index continued to correct on the event of stronger asset classes across the globe especially the equities. Though 76.00 ranges are expected to again act important support, 79.80 ranges are expected to act as formidable...
Stronger equity bourses led to profit taking in the Greenback. After the Dollar Index hit resistance zone of 79.80, long liquidation was observed; 76.00 ranges is expected to again act important support. Historic resistance is seen in...
The pair remains under intense pressure over the long term but seems to have found a good support on top of 0,94 resulting in a bullish weekly candle.