A confidence game is in full effect as government officials including Central Bank leaders and CEO’s from various corporations speak about the ‘health’ of the global economy. The ECB is insistent that the Greek debt situation and...
The US dollar opened this week moderately stronger versus the euro Monday as traders continued last week’s shift into safer assets. As of late trading Monday, however, the EUR/USD pair shifted back into a bullish posture as...
Dollar Index (DX) falls unable to trade beyond 76.50; profit taking was witnessed in the U.S Dollar across the board after the Dollar Index hit major resistance zone on 76.20-76.50 ranges to currently trade at 75.28.Benchmark equity...
Greetings. Let’s take a look at the EUR/USD hourly chart. The underlying trend remains bullish but we are potentially in the middle of a 3 wave retracemeent.
Market Review – 17/05/2011 21:05 GMT Euro recovers in New York afternoon on improved risk appetite The single currency weakened to 1.4131 in Asia due to the selloff in aussie after the release of Reserve Bank of...
ForexPros Daily Analysis May 17, 2011 Euro, Pound Still in Measured Moves Short, Yen Near Lows Euro: On the daily, the euro continues in measured moves short, today reacting off its traditional 50% short at 1.42424. This...
Market review for 9 – 13. 05, 2011
Wall Street closed in red territory once again as investors found little reason to diverge from a seasonal lull that often follows first-quarter earnings. The “sell in May and go away” adage has some fundamentals behind it,...
Dollar looses shine after ten consecutive days appreciation; it seems that focus is increasing on the Fed’s decision about the interest rate decision.Benchmark equity index of the Dow Jones Industrials (DJIA) unable to trade beyond 12800 ranges...
Market Review – 16/05/2011 20:47 GMT Euro pares gains in New York afternoon on Greek debt concern Although the single currency opened lower in Australia and extended last Friday’s selloff to a fresh 6-week low of 1.4049...
