Dow Jones Industrials (.DJIA) correlation suggests strength for Dollar in very short-term. With Dow showing signs of sell off from historic congestion zone of 12300 ranges, most of the majors showed signs of yielding against the USD....
Market review for 14 – 18. 02, 2011 Previous trading week started with a US dollar competitors’ weakness.
EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to...
USDCHF’s rebound from 0.9328 extended to 0.9774 only, and failed to break above 0.9783 resistance. Deeper decline to re-test 0.9300 key support could be expected next week, a breakdown below this level will indicate that the long...
Greetings. Let’s take a look at the USD/CHF. We’re coming right down to test a strong trend line and time will only tell if the trend line will act as support.
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
Negative rally of the euro and the pound.
Dow Jones posted new high of 12303.08, while continuing its choppy session this week, before settling at 12287.72. Dow Jones correlation is suggesting sideways trend to continue with undertone still remaining weak for the USD, though we...
British pound receives support from UK fundamentals. Asian and European trading sessions:
Dow Jones (.DJIA) correlation continued to guide direction in most of the FX major pairs, though the Cable traded high against the Greenback in contrast to other pairs. The common currency settled marginally higher at 1.3496 yesterday...
