Common currency settled higher at 1.3901 on Friday and ended short-term down rally after finding support at 1.3752. EURUSD till it trades above 1.3750, trend may remain very much bullish. Swiss franc may lose further against the...
Traders should be prepared for swift and volatile broad markets today and perhaps the remainder of this week as financial institutions and investors come to grips with the Japan tragedy. The scope of the devastation in Japan...
Market Review – 11/03/2011 20:32 The Japanese yen rallies broadly after massive earthquake in Japan The Japanese yen surged across the board on Friday on speculation that Japanese insurance companies will need to sell foreign assets to...
The GBP/JPY is developing wave C of medium term downtrend – colored magenta in the chart. On smaller scale this wave consists of A and B subwaves (colored yellow in the chart) with subwave B still developing....
Demand for the risky assets drops. Greenback grows.
The USD and EUR provided some fireworks on Thursday taking into context that the two found themselves well within range at the end of the day. The EUR initially began to trade weaker against the USD after...
Hello. Let’s take a look at the GBP/JPY hourly chart. Even though we just saw a big spike up earlier today, the overall trend still potentially remains bearish.
US Dollar appreciated across the board on the event for profit taking in key index of Dow Jones Industrials (DJIA). Dollar Index (DX), March basis has hit critical resistance at 77.35 on NYBOT on March 10, 2011....
Market Review – 10/03/2011 20:45 GMT Euro tumbles after Moody’s downgrades Spanish credit rating The single currency tanked in European session after Moody’s lowered Spain’s government rating on Thursday. Despite the initial brief recovery to 1.3925 in...
The New-Zealand interest rate was reduced for 50 basic points.
