Stocks rallied today on positive news behind Greek’s debt restructuring, with a proposed plan where the banks would roll over half of the money received from Greek debt to new 30yr bonds. Ultimately, we are stuck in...
The Dollar Index (DXU11) depreciates after appreciating four consecutive sessions on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). Most of the depreciation was contributed by the Euro, other...
As a result of the previous trading week, US dollar demonstrated a winning position. Nevertheless, a first few days were negative for the greenback.
All currency pairs against the USD will be sensitive to manufacturing data in the coming week, as well as to developments coming out of Europe as the quarter ending June 30 comes to a close. Two out...
The USD Dollar appreciates for the consecutive fourth day DXU11 found support at 75.00 ranges; short covering was witnessed in the US Dollar across the board especially against the Euro, the Cable and the Aussie Dollar on...
AUDUSD is testing 1.0440 support, below this level will target 1.0200 zone. Resistance is at 1.0650, only break above this level could indicate the fall from 1.0773 is complete, then another rise towards 1.1011 could be seen.
The USD Dollar appreciates for the second consecutive day though most of the other major FX majors especially the Euro and the Aussie Dollar recovered by the end of New York trade due to bargain buying witnessed...
Dramatic drop of the pound. Asian and European trading sessions: Euro: During the morning trading the euro was supported by the strengthened market participant’s hope for the positive outcome of the Greek external debt problems. Therefore, the...
Wall Street finished in green territory Tuesday, as investors took advantage of the past month’s pullback to buy shares in cyclical stocks on growing confidence that Greece’s government will avoid a sovereign-debt default. The Dow Jones Industrial...
The USD Dollar appreciates across the board, especially against the Cable wherein the Greenback appreciated by more than 150 pips; against the Euro, Aussie Dollar and the Swiss Franc, the USD appreciated marginally. Profit taking witnessed in...
