Concerns over the EC budget crises rise again. Asian and European trading sessions:
EURUSD continued weakness and settled at 1.3479 against previous close of 1.3547 after hitting three week’s low of 1.3428. Mixed moves were seen in remaining pairs with the Cable and Aussie Dollar showing signs of stagnation. Dow...
Market review for 7 – 11. 02, 2011
Dollar rallied against almost all major pairs on Friday. USDCHF and USDJPY remained firm during whole of last week to finally close positive st 0.9736 and 83.43 respectively. We are expecting USDCHF and USDJPY to rally further...
USDCHF failed to break below 0.9300 support and rebounded from 0.9328, suggesting that a cycle bottom had been formed on daily chart. Further rise is still possible next week and target would be at 1.0000 zone. Support...
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...
Reaction to the Ben Bernanke speech. Asian and European trading sessions:
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
EURUSD managed to post second consecutive positive close at 1.3625 against previous close of 1.3593 – just trying to set in bullish momentum once the daily closing happens beyond 1.3700 ranges. In case of EURUSD, till it trades above...
Concerns over the instability in Egypt. Asian and European trading sessions: