The U.S Dollar strengthened against the Euro and the Aussie Dollar but traded flat against the Cable, Japanese Yen and the Swiss Franc. Fed’s policies due for release late night would provide key direction for the FX...
Market review for 28.03 – 1.04.2011
The U.S Dollar weakens against the major FX pairs especially against the Euro and the Cable. But for the weakening of the Japanese Yen vis-à-vis the Greenback and the Common Currency, the Dollar Index (DX) would have...
USDJPY’s rise from 76.40 extended to as high as 84.71. Further rise to 86.00-87.00 area to reach next cycle top on daily chart is possible. Support is now at 83.00, a breakdown below this level will indicate...
The US Dollar remained soft the Common Currency though profit booking was seen in EURSUD in at recent highs of 1.4230 ranges; the Cable slipped off yesterday highs hit during the European trade to stabilize in the...
Pressure of the expanding Euro-zone sovereign debt.
The U.S Dollar depreciated across the board on March 30, 2011 due to weaker than expected economic data. Dollar Index (DX) is trading at the key resistance of 76.60 ranges; only daily close above 76.70 would post...
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.
