A consensus seems to be forming that risk aversion is returning to the market. Despite the sporadic release of positive data in various parts of the world, the overall trend appears to indicate a slow-down in recovery...
U.S Dollar traded mixed against the major pairs, appreciating against the Cable, where as depreciated by more than 50pips against the Common Currency; and traded stable against the Japanese Yen. Japanese Yen is showing signs of consolidation...
Instability in Portugal and possible deepening of the crises.
EUR-USD It can be seen that the price moves in the upside parallel channel (discontinuous red), and stops in this area. We believe that the resistance level 1.43 nearly along with the upper side of the channel...
While the Japanese crisis remains important and the Libyan situation continues to develop, it is news from Europe that irked investors on Wednesday. After saying that the emergency fund had been agreed on for its nations that...
The euro extended losses against the dollar on Wednesday after Portugal’s parliament rejected the government’s austerity plan, a move that will likely cause the collapse of the current administration. As a result, the euro fell 0.6% against...
U.S Dollar recovers against most of the major pairs. Yesterday the Greenback appreciated most against the Cable followed buy the Common Currency. The Japanese Yen stabilized against most of the majors after exhibited unprecedented volatility during last...
Market Review – 23/03/2011 20:36 GMT Euro falls after Portugal’s parliament rejects government’s austerity plan The single currency declined after Portugal’s parliament rejected the government’s austerity plan and this may lead to fall of Portugal’s government as Prime...
Broad markets turned cautious on Tuesday as bourses experienced lackluster results and declines. The USD emerged stronger against the EUR as Sovereign Debt talk ramped up as the E.U. announced that they have agreed on a debt...
GBP-CHF In the daily time frame the pair got back to the resistance point (blue area) that is located between 1.4890 to 1.4830, in addition very close to the downtrend line peak of February 15th, due to...
