The USD/CAD pair declined on Tuesday, where strong earnings U.S. companies in addition to rising consumer confidence boosted confidence in financial markets, and accordingly, investors targeted higher yielding assets including the Canadian dollar, while oil prices also...
Market Review – 26/04/2011 18:50 GMT Euro rises to fresh16-month high on speculation that Fed will maintain its loose monetary policy Euro hit a fresh 16-month high on Tuesday on speculation that the U.S. Federal Reserve would keep...
The AUD/USD pair fell today, but has found the 1.07 area as supportive for the moment. Although this is a good sign, this pair desperately needs a pullback, and today was the first sign of one. If...
The USD/JPY pair dropped to reach a new one month low, the Japanese currency saw heavy demand since the beginning of the week supported by the absence of fundamentals from major economies and high volatility ahead of...
Wall Street closed lower for the first session in four on Monday. NYSE composite volume of 2.97 billion amounted to the lowest volume day of the year. The fragility among global issues and concerns over the falling...
The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...
Market Review – 21/04/2011 19:18 GMT Euro retreats from16-month high of 1.4649 on profit-taking ahead of Good Friday holiday The single currency extended Wednesday’s rally to a fresh 16-month high of 1.4649 in European morning on Thursday due...
Market review for 18 – 22. 04, 2011
With Europe still on holiday in observance of Easter, today’s markets will be highly illiquid, making most currencies continue to trade within tight ranges until the opening of trading on Tuesday. Tomorrow’s news should be much more...
The U.S Dollar continued depreciating after breaking critical support of 74.825. Bear trend seems to sustain till the daily close is not beyond 75.20. Only daily close above 75.60 would post short-term bottom.The Dow Jones Industrials (DJIA)...
