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...
Being contained by 84.50 resistance, USDJPY pulled back from 83.96, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 82.00 area. Initial...
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...
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
