EUR/USD continued to bounce slightly on Wednesday as traders are willing to take a bit more risk at this point. The behind the scenes situation in the EU suggests that there is some kind of coordinated action...
Asian and European trading sessions:
The Dollar Index succumbed to profit booking after hitting resistance zone of 79.50; historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of the Dow Jones Industrials (DJIA) is...
EUR/USD continued to fall on Monday as traders worry about the Greek situation. The pair has been whacked lately as the markets continue to buy the USD against most other currencies, and as the Euro is the...
Continued weakness in the equities world over led to safe haven bet on the USD which resulted in the Dollar Index appreciating beyond 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20...
Market review for 26 – 30. 09, 2011 Europe and its debt problems were keeping everyone under pressure last trading week. The
Weaker asset classes has lead to run on USD which resulted in the Dollar Index appreciating to 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of...
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
EUR/USD fell hard on Friday as the markets continue to punish the EU for not getting a solution to the debt crisis finalized quickly enough. The 1.3350 area below is the last stand for the EUR/USD uptrend,...
EURUSD remains in downtrend from 1.4548. Further decline is still possible next week, and next target would be at 1.3000 area. Resistance levels are at 1.3690 and 1.3936, as long as these levels hold, downtrend could be...