Market Review – 23/03/2011 20:36 GMT Euro falls after Portugal’s parliament rejects government’s austerity plan The single currency declined after Portugal’s parliament rejected the government’s austerity plan and this may lead to fall of Portugal’s government as Prime...
Broad markets turned cautious on Tuesday as bourses experienced lackluster results and declines. The USD emerged stronger against the EUR as Sovereign Debt talk ramped up as the E.U. announced that they have agreed on a debt...
GBP-CHF In the daily time frame the pair got back to the resistance point (blue area) that is located between 1.4890 to 1.4830, in addition very close to the downtrend line peak of February 15th, due to...
The British pound performed well today following greater than expected inflation data that increased expectations for an interest rate increase by the Bank of England. The Aussie dollar also put in a strong showing, building on momentum...
FX market stabilized yesterday after witnessing choppy volatile trading sessions during past couple of days. Most of the FX pairs are showing signs of subdued volatility. Most FX pairs returned to the levels they were trading at...
Market Review – 22/03/2011 19:10 GMT Euro retreats from a 4-1/2 month high after Irish note yields surge The single currency retreated from a fresh 4-1/2 month high on rumours that a large Irish bank may have missed...
The EUR/USD currency pair is continuing to advance. Earlier on a daily graph the EUR/USD pair formed a Bullish Engulfing candlestick combination, indicating upside movement.
Demand for the risky assets is coming back. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1.4145-$1.4185. Market participants are waiting for the Euro-zone leaders’ summit, planned for the end of...
EUR-JPY It can be seen in the weekly time frame that the price creates a range area between the levels of 107 to 116 after which the break out went up above the down trend line (fragmentary...
This week’s trading session opened with a sharp bullish spike in crude oil prices, which was a direct effect of the NATO attack in Libya. In addition, the most significant development in the FX market was the...
