Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
The beginning of the previous trading week saw the strengthening of the US dollar after the official announcement of the liquidation of the terrorist #1 Osama Ben Laden. Market participants were optimistic during the Asian and European...
The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...
USDCHF is forming a cycle bottom at 0.8553 on daily chart. Range trading between 0.8553 and 0.9000 would likely be seen in a couple of weeks. However, the price action from 0.8553 would possibly be consolidation of...
The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...
Expectations for the ECB and BoE rate decisions. Asian and European trading sessions:
The Cable finds support at 1.6450 ranges after three days of correction; against rest of the FX pairs, the Green back traded in narrow range. The U.S Dollar seems to be oversold in short-term; short covering may...
Cable succumbed to profit taking against the Greenback; after the Dollar Index (DX) hitting low of 72.90 ranges, the U.S Dollar stabilized against most of the FX majors; tight trading pattern was observed in EURUSD, USDJPY, USDCHF...
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The USD/CHF retested the lows today, bounced, and then promptly fell back to where it started. This only shows how much this pair is being sold off at the moment. Because of this, we cannot recommend buying...
