The USD/JPY has had another slightly bullish day today. It currently finds itself grinding up towards the 82 handle which was once support for this pair. Because of this – resistance should be found here. However, there...
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...
USDJPY remains in long term downtrend from 124.16 (2007 high), and the bounce from 76.40 is treated as consolidation of downtrend. Another fall is expected next week, and target would be at 78.00 area.
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.
U.S Dollar recovers against most of the major pairs. Yesterday the Greenback appreciated most against the Cable followed buy the Common Currency. The Japanese Yen stabilized against most of the majors after exhibited unprecedented volatility during last...
FX market stabilized yesterday after witnessing choppy volatile trading sessions during past couple of days. Most of the FX pairs are showing signs of subdued volatility. Most FX pairs returned to the levels they were trading at...
Demand for the risky assets is coming back. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1.4145-$1.4185. Market participants are waiting for the Euro-zone leaders’ summit, planned for the end of...
