Market Review – 03/03/2011 20:24 GMT Euro rallies as ECB’s President signals rate hike next month Euro soars broadly on Thursday after European Central Bank’s President Jean-Claude Trichet said in a press conference following rate decision that...
TODAY OUTLOOK : After testing the 1.3750 level that acted as a strong support yesterday, the pair reversed to the upside until it broke out above the Resistance 1.3857 and found new Resistance at 1.3893 (near the...
ECB rate increase speculations pushed euro to maximums. Asian and European trading sessions:
USD/CHF As can be seen on the daily graph the pair got to the supporting level of 127.2 on the Fibonacci retracement-0.9205, due to the fact that the latest down trend was not yet retraced to 38.2...
The unchecked uptrend in oil continues to weigh on the US dollar, as the greenback posted losses against all major currency pairs on Wednesday. Escalating violence in Libya which reached dangerously close to oil centers, sent oil...
Common currency rose most since November 15, 2010 and closed higher at 1.3864 yesterday. EURUSD immediate support is seen at 1.3812 and resistance can be seen near 1.3955. Dow Jones industrial Average closed marginally higher at 12066.80...
The euro rose to a near 4-month high against the U.S. dollar on Wednesday on prospects the European Central Bank (ECB) will today emphasize a readiness to raise record-low interest rates amid increasing price pressures.
Hello everyone and welcome back. Let’s take a look at the AUD/USD hourly chart. If you take a look at our screen shot, you’ll see a Contracting Triangle (CT) forming at an upward angle. It does seem...
Market Review – 02/03/2011 19:48 GMT Euro strengthens to a 2011 high on ECB rate hike outlook Euro rose sharply on Wednesday as higher-than-expected eurozone PPI fueled speculation that ECB may raise interest rate to curb inflation...
Speech of Ben Bernanke supported the greenback today. Asian and European trading sessions: Australian Dollar: Australian dollar strengthened against the yen today since the released Australian retail sales data turned out to be above expectations. The Reserve...
