The British pound performed well today following greater than expected inflation data that increased expectations for an interest rate increase by the Bank of England. The Aussie dollar also put in a strong showing, building on momentum...
FX market stabilized yesterday after witnessing choppy volatile trading sessions during past couple of days. Most of the FX pairs are showing signs of subdued volatility. Most FX pairs returned to the levels they were trading at...
Market Review – 22/03/2011 19:10 GMT Euro retreats from a 4-1/2 month high after Irish note yields surge The single currency retreated from a fresh 4-1/2 month high on rumours that a large Irish bank may have missed...
The EUR/USD currency pair is continuing to advance. Earlier on a daily graph the EUR/USD pair formed a Bullish Engulfing candlestick combination, indicating upside movement.
Demand for the risky assets is coming back. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1.4145-$1.4185. Market participants are waiting for the Euro-zone leaders’ summit, planned for the end of...
EUR-JPY It can be seen in the weekly time frame that the price creates a range area between the levels of 107 to 116 after which the break out went up above the down trend line (fragmentary...
This week’s trading session opened with a sharp bullish spike in crude oil prices, which was a direct effect of the NATO attack in Libya. In addition, the most significant development in the FX market was the...
The USD lost further ground to the major currencies in the forex markets on Monday. Weakness carried through from late last week’s trading for the USD versus the EUR and GBP. Global equity markets moved positively yesterday...
The Greenback continued weakening a midst stronger equity bourses across the globe, especially the key index of Dow Jones Industrials (DJIA). Yen has stabilized against most of the major pairs, after exhibiting unprecedented volatility during last week.Non-homogenous...
Market Review – 21/03/2011 20:14 GMT Euro rises after ECB officials signal rate hike in April is ready The single currency strengthened to a fresh 4-1/2 month high on Monday after European Central Bank governing council members signaled...
