The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...
With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
Market Review – 05/05/2011 20:26 GMT Euro tumbles sharply as ECB’s Trichet signals ECB will not raise rates in June The single currency tanked broadly on Thursday after European Central Bank President Jean-Claude Trichet surprised the market...
Expectations for the ECB and BoE rate decisions. Asian and European trading sessions:
U.S. stocks and commodities slid sharply Wednesday as disappointing data on the services sector and jobs overshadowed enthusiasm on corporate deal-making. We don’t think it’s the start of a bear market, but the chances of a near-term...
Commodity prices broke downward yesterday as Gold, Crude Oil, and Silver all declined. Gold is certainly still within the higher realms of its trend and it might be foolhardy to consider its upward momentum a thing of...
EUR/USD Time: 00.30 Rate: 1.4827 Strategy: short Daily time frame
AUD/USD had a sharp drop in value today, finding the 1.07 support area in the process. The pair needed this fall, and this could present itself as a buying opportunity. However, we want to see support hold...
Let’s pull another one of our favorites – the NZD/JPY. Don’t forget we may see a little slow down in the JPY as Japan celebrates Children’s Day.
Markets will approach the BoE’s rate decision to see the bank’s action in the month of May to see whether they will continue on holding both interest rate and APF unchanged at 0.50% and 200 billion pounds...
