Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While...
EURUSD may find stiff resistance at 1.3955 ranges. Common Currency fell after taking resistance near high of 1.3861 made on February 02, 2011 and settled lower at 1.3751, halting two days rally. EURUSD is showing bit of...
Market Review – 27/02/2011 23:27 GMT Euro retreats fm 3-week high on long liquidations ahead of weekend The euro initially extended recent ascent to a fresh 3-week high of 1.3839 in Asian morning after continued hawkish rhetoric...
The yen was about 0.4% from its strongest level in three weeks against the dollar and the Swiss franc climbed to a record as an uprising in Libya sent oil prices to a 29-month high, boosting demand...
Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation...
Greetings. Let’s pull up the USD/CAD hourly chart. As you can see, we’re in a downward channel. We are at one of the last support lines and if we can break through and break away, then look...
Market Review – 24/02/2011 20:06 GMT Euro rises to 3-week high on more hawkish comments fm ECB official Euro extended recent upmove fm last week’s low of 1.3428 to a fresh three-week high of 1.3822 on Thursday...
Bank of England minutes bring pound to maximums. Asian and European trading session: Euro: 2-year maximums of the oil prices level supported the growing euro rate, since the possibility that the ECB would reinforce its monetary policies...
Greetings. Let’s pull up the USD/JPY hourly chart. Look for a potential continuation of the recent downward movement as we continue in this sideways channel. We have already passed the 61.8% Fibonacci retracement levels, however, also watch...
The broad marketplace continued to trade under the clouds from the possibility of an ‘oil shock’ as political tensions continue to mire North Africa. Global investors have watched as international bourses have largely lost value. The USD...
