Market Review – 05/04/2011 19:47 GMT Euro strengths in U.S. session on weaker-than-expected U.S. ISM non-manufacturing index Euro rose strongly in U.S. session on active shorting covering on Tuesday as the lower-than-expected U.S. ISM non-manufacturing index raised concerns...
Uncertainty in the FRS interest rate decision expectations. Asian and European trading session:
EUR/USD pair is rolling back after it failed to test the 1.4278 resistance level. As mentioned before, a break of this level will target the pair to 1.4577. Earlier in the intraday chart EUR/USD shaped a Bullish...
The U.S Dollar strengthened against the Euro and the Aussie Dollar but traded flat against the Cable, Japanese Yen and the Swiss Franc. Fed’s policies due for release late night would provide key direction for the FX...
AUD/USD Time: 07:00 Rate: 1.0330 Strategy: short
As expected, the Reserve Bank of Australia held rates steady at 4.75% in light of the natural disasters in the region and RBA Governor Glenn Stevens will speak later today regarding future Australian monetary policy. In the...
The broad markets turned cautious on Monday as the USD basically stood in place against the EUR and GBP with limited range movement. The JPY continued to languish near the weaker parts of its value and the...
Market review for 28.03 – 1.04.2011
The highlight of this week’s trading will be Thursday’s ECB Minimum Bid Rate. Traders will be expecting an initial increase of 25 bp and wording from the ECB that this week’s adjustment to the interest rate is...
The USD continued to decline in value against the EUR, GBP, and AUD on Friday. The Greenback continues to find itself on the weaker side of its ranges versus the above. The Forex market essentially has essentially...
