Greenback was supported as unwillingness to take risks grew. Asian and European trading sessions: Euro: Concerns regarding the situation of the European peripheral countries and their weakened ability to raise financing continued to pressure the euro in...
AUDUSD remains in uptrend from 0.8066, the price action from 1.0182 is treated as consolidation of uptrend. Lengthier consolidation is expected in a couple of weeks and pullback to 0.9600 area to complete the consolidation would likely...
AUDUSD broke above 1.0182 previous high and reached as high as 1.0255 level. Further rise is still possible next week and next target would be at 1.0500 area. Support is at 1.0100 followed by 0.9980, only break...
AUDUSD’s upward move from 0.9537 extended to as high as 1.0064 level. Further rise towards 1.0182 previous high is still possible next week. Support is at 0.9900, as long as this level holds, uptrend could be expected...
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...
Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....
Demand for save-haven grows. Asian and European trading sessions: Euro: On the first day of this week the euro was affected by the reduction of the EC countries’ credit ratings by Moody’s Investors Service. Last week the...
Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that...
AUDUSD is forming a cycle top at 1.0027 level on daily chart. Key support is at 0.9750, a break below this level will confirm the cycle top, then another fall to test 0.9537 support could be seen....
Demand for the risk drops. Asian and European trading sessions: Euro: The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit...
