The Dollar Index (DXM11) has taken critical support from 73.40 ranges and can trade sideways facing resistance at 74.80-74.90 ranges. For key equity index – Dow Jones Industrials (DJIA), 11600-11700 ranges is expected to act as final...
Demand for the save-heaven assets grows. Asian and European trading sessions:
Euro continues to be supported by a number of factors.
The Dollar Index (DXM11) is nearing critical support of 73.40, currently it is trading at 73.67; DXM11 may trade sideways with 73.40 acting as very important support; only weekly close below 73.40 would result in further weakness...
Euro reaches a monthly maximum against the greenback. Asian and European trading sessions:
U.S. stocks extended losses into a fourth straight session Monday, as Wall Street fretted about the economy. The Dow Jones Industrial Average ended down 61.3 points to 12,089.96. The Standard & Poor’s 500 Index declined 13.99 points...
The Dollar Index (DXM11) lost more than a percentage during last week; yesterday it traded flat and mild short covering was witnessed after the Dollar Index neared critical support of 73.40 ranges. DXM11 may trade sideways with...
The Dow Jones Industrial Average fell 290 points this week to 12,151.26. It was the benchmark’s fifth straight weekly decline, its longest losing streak since 2004. So far this year, however, it is up almost 5%. The...
AUDUSD’s rise from 1.0440 extended to as high as 1.0773. As long as 1.1011 key resistance holds, the rise is treated as consolidation of downtrend from 1.1011, and another fall towards 1.0250 is still possible after consolidation.
Short covering was witnessed in the Dollar Index (DXM11) on the event of the key equity index of Dow Jones Industrials (DJIA) continuing the fall of Wednesday, June 01, 2011. Critical support for the Dollar Index is...
