The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...
Market review for 18 – 22. 04, 2011
The U.S Dollar continued depreciating after breaking critical support of 74.825. Bear trend seems to sustain till the daily close is not beyond 75.20. Only daily close above 75.60 would post short-term bottom.The Dow Jones Industrials (DJIA)...
AUDUSD continued its upward move from 0.9704, and the rise extended to as high as 1.0774. Further rise is still possible in a couple of weeks, and next target would be at 1.1000 zone. Support is at...
Yesterday US stocks rallied once again, although unemployment claims were higher than expected, reaching 403K with a forecast of 394K. The Dow rose 52.45 points, to 12505.99, the Nasdaq Composite gained 17.65, to 2,820.16,and the Standard &...
The AUD/USD has reached and moved beyond our projected 1.07 target today, as the bulls keep buying this pair. Certainly it looks like a pullback could be needed – but selling isn’t an option. Simply wait until...
US dollar weakness brings competitors to new maximums.
The Dollar Index (DXM11) continued depreciating against the major pairs after resuming bear trend on the event of key equity index (.DJIA) stabilizing beyond 12400 ranges. The Common Currency appreciated by more than 160 pips; the Cable...
The rally of the euro and the pound.
The AUD/USD continues to show strength today as it hangs around the 1.0550 area. It seems that every time the pair falls, it simply refuses to do so in any significant manner. Because of this, it is...
