USDJPY kept on moving sideways in a range between 80.30 and 84.50. Sideways consolidation is expected to continue next week and bounce to 83.00 area would likely be seen. Support is at 80.93 and resistance is at...
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
Sterling demonstrates strong growth. Asian and European trading sessions:
Increased demand for the high-risk assets pressures the greenback. Asian and European trading sessions:
Dollar extended its loss against euro and settled at 1.3828 yesterday after making days low of 1.3843. US stocks and Dow Jones advanced yesterday after ISM manufacturing Index beat estimate. Dow Jones Industrial Average made new high...
Instability in Egypt influences the market. Asian and European trading sessions:
USDJPY moved sideways in a range between 80.30 and 84.50. Support is at 81.85, a breakdown below this level could trigger another fall towards 80.30 previous low. However, as long as 81.85 support holds, one more rise...
Yesterday’s most significant economic news was clearly the S&P’s announcement that Japan’s credit ratings will be downgraded from AA- to AA. The Japanese yen saw sharp falls against all the major currencies in response. In addition, disappointing...
FOMC meeting decision. Asian and European trading sessions:
Risk appetite is suppressed. Asian and European trading sessions: Euro: On Tuesday the EUR/USD pair traded at the $1,3690 level during the Asian trading session. Minimums were reached at the $1.3578 mark. British Pound: Today the sterling...
