A threat by Moody’s to downgrade Spanish sovereign debt sent investors flocking to the dollar which in turn sparked a sell off in gold and silver prices. Crude oil prices were resistant to the commodity selling as...
Market Review – 15/12/2010 21:35 GMT Dollar rises as Treasury yields surge, euro drops on worries over Spain debt The dollar strengthened against the Japanese yen, euro and the British pound as U.S. Treasury yields turned higher,...
US fundamentals support the greenback. Asian and European trading sessions: Euro: Euro continued to stabilize of Tuesday morning. Expectations for the strong European fundamental release today supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for...
NZD/USD:The downtrend, started a few weeks ago, moved the pair until the support level of 0.7436.USD/CHF: The pair is moving aside between 1(Resistance) more or less and 0.9550 (Support). Last session, the pair almost reached the support...
The unexpected positive movement in the Japanese Tankan survey this morning helped to boost the yen against some of its European rivals in today’s trading, despite its downward movements against the CHF and USD. Traders should expect...
Market Review – 14/12/2010 21:40 GMT Dollar edges up versus yen after Fed reaffirms QE The U.S. dollar rose against the Japanese yen after the U.S. Federal Reserve reaffirmed its commitment to purchase $600 billion in bonds...
EUR/USD pair starts the week with new maximums. Asian and European trading sessions: Euro: Morning trading on Monday saw the decrease of the EUR/USD pair, as a result of the increased concern over the disagreement of the...
AUD/USD has developed waves A-B (0.9539-0.9967-0.9755) of medium term uptrend – colored red in the chart – and is not developing wave C. This wave consists of subwaves A-B-C with subwave C still developing – colored red...
ForexPros Daily Analysis December 14, 2010 Fed day. Be very aware. We are at key levels, let the volatility of the Fed allow the markets to decide what direction they want to go. Looking long but I...
British Consumer Price Index emerged to be almost alike with expectations and enduring UK inflation tendency. As some wise professor said – “robust economy has to slide on something” – current 3.3 percent inflation ought to be...
