The USD/CAD pair rose on Monday after U.S. President Obama announced that U.S. troops killed Osama Bin Laden on Sunday in Pakistan, and amid the uncertainty over the outcome of the fourth election in seven years.
The week started with heavy fluctuations and surprises for the EUR/USD yet the common currency maintained its strength despite the dollar’s rebound.
The GBP/USD fell today, although not far. The pair still looks decidedly bullish, but appears to be ready for a much needed pullback. The pair should find plenty of support at the 1.65 and 1.63 areas, and...
Monday proved to be a day of cautious range trading. Although the USD fell to new lows against the EUR and GBP during the day’s session it also fought back to the ground it had started from...
EURUSD is at interesting point. We have daily trendline at 1.4787, price tested this line early today and bounced off. It is critical for price to break this trendline if it wants to move any lower. If...
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
Let’s pull up the GBP/USD hourly chart. We are definitely in a bullish run and it seems there is still more potential room to see more bullish action. Look for a longer term potential price of 1.7000.
Market Review – 2/05/2011 19:57 GMT Euro falls from a 17-month high in late New York as metal prices tumble Euro retreated sharply from a 17-month high in late New York trading on Monday due to profit-taking...
Market review for 25 – 29. 04, 2011
The Australian dollar dropped against greenback during the first day trading of the week after president Obama said al-Qaeda leader Osama bin Laden has been killed.
