The EUR reversal was put on hold as traders consolidated their positions on Tuesday and actually took the Single Currency to better values. With both Greece and other European nations saying a restructuring of Sovereign Debt is...
The EUR was able to hold its recent price against the US dollar as regional investors battled over the direction of the 17-nation common currency. The two ends of the spectrum were represented by those wanting to...
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
Market Review – 10/05/2011 20:36 GMT Euro posts moderate gains on Greece’s potential new financial aid Euro swung between gains and losses on Tuesday driven by conflicting reports about a potential new deal for Greece and lots...
S&P reduced credit rating of Greece.
The USD/JPY pair advanced slightly after the American dollar continued its upside movement against the euro and other major currencies. The Japanese yen is witnessing a correctional movement versus the dollar after last week’s surge, where the...
The Australian dollar strengthened versus major currencies, especially against the U.S. dollar, after Australia recorded a trade surplus of A$1740 million during the month of March, from a previous deficit of A$205 million, more than analysts’ expectations.
The AUD/USD rose today, closing at the highs. This is always a bullish sign, and it appears that we are going to head back up towards the highs soon at this rate. The pair seems to have...
The EUR/USD fell today, but ended the day forming a hammer at the 1.4350 area. This shows underlying strength in this currency and that the USD may begin to fall again. The European issues in Greece are...
The GBP/USD fell today, but only to form a nice bullish hammer at the all-important 1.64 level. This looks very bullish at these levels, and we should see a move up if we can break higher from...
