Fundamental Analysis Given last week’s consolidation trend on Wall Street, this week should turn out to be quite interesting. According to data from FactSet Research, companies in the S&P 500 Index are expected to show first-quarter earnings growth...
For the coming week we expect markets to continue in the same direction as the previous week. Look for the US dollar to depreciate, the Canadian dollar to rise and for the commodity markets to get ever-hotter....
The U.S Dollar depreciated across the board. The Aussie Dollar and the Euro out performed compared to other FX majors against the Greenback.The Dollar Index (DX) unable to trade beyond the key resistance of 76.60 ranges, remained...
The EUR continued its momentum on Friday against the USD and has begun to leave some traders scratching their heads in wonder. Gold and the AUD also have continued their respective gains as both are within record...
The JPY started off the week by falling to a fresh 11-month low against the euro, as positive global data has led to increased risk taking among investors. After hitting 123.30 during the overnight session, the EUR/JPY...
Market Review – 08/04/2011 19:41 GMT Dollar falls across the broad on worries of U.S. government shutdown The greenback declined against most of its counterparts on Friday as Democratic and Republican party leaders in Congress remain divided over...
Upon the interest rate hike from the ECB on Thursday the broad markets reacted with calm. However, after ECB President Trichet’s press conference things began to get interested and have built on the energy since then. The...
Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over...
The U.S Dollar depreciated traded flat against the Common Currency and the Cable; continued depreciation against the Aussie Dollar and the Swiss France.The Dollar Index (DX) unable to trade beyond the key resistance of 76.60 ranges, remained...
Market Review – 07/04/2011 19:48 GMT Euro falls as ECB Trichet turns cautious on more rate hike Euro declined on Thursday after European Central Bank President Jean-Claude Trichet said in a press conference following interest rate announcement that...
