Standard & Poor’s reduced the credit rating of Portugal and Greece. Asian and European trading sessions:
Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed...
Expectations for interest rate increase ruling the market.
The USD/CHF has found the 0.92 area as resistive, and has pulled back from that mark. Because of this, the pair looks to be set for another bearish move. Until we can break above the 0.9300 level,...
Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed...
Market review for 21 – 25.03.2011
U.S Dollar strengthened smartly after finding support at 75.50 (Dollar Index-DX) during the last week. The Japanese Yen stabilized against the Greenback and the Common Currency during last week, resulting in the USD appreciating across the board...
USDCHF formed a cycle bottom at 0.8922 level on daily chart. Range trading between 0.8922 and 0.9300 would likely be seen in a couple of weeks. However, the bounce 0.8922 is treated as consolidation of downtrend, another...
U.S Dollar traded mixed against the major pairs, appreciating against the Cable, where as depreciated by more than 50pips against the Common Currency; and traded stable against the Japanese Yen. Japanese Yen is showing signs of consolidation...
Instability in Portugal and possible deepening of the crises.