As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also being supported by the positive U.S. employment data which was released on Friday.
Before leaving on an extended business trip, the term ‘oil shock’ was used in this daily analysis column. And nearly a week and a half later the words are resonating around the world. Major economic powers are...
Euro gained almost 1.75 percent against dollar last week. Immediate support and resistance of EURUSD are 1.3910 and 1.4015 respectively. DJ closed lower at 12169.88 on Friday against previous close of 12258.20. Dow showed crisscross well in...
Market Review – 04/03/2011 20:19 GMT Euro rises to a fresh 4-month high despite better-than-expected U.S. jobs report The single currency rose for three consecutive days to a fresh 4-month high in a volatile New York session...
Greenback rehabilitates.
H4 The aussie is still moving in the sideways direction – consolidation is in full play on 4-hour graphs. All Indicator lines directed horizontally are showing sideways movement (1, 2, 3, 4), as well as the Chinkou...
Hello and welcome back to another Non-Farm Payroll release. Depending on the actual numbers released, here are the price levels to watch for the GBP/USD.
A day prior to the US Non-Farm Employment Change report, ECB President Jean-Claude Trichet set the stage for the first European interest rate increase since the financial crisis.
EURUSD rose sharply yesterday on Interest rate hike decision by ECB during its April, 2011 meet. Common Currency is hovering near key resistance of 1.3955; strong vigilance is needed at this level as any negative news may...
Market Review – 03/03/2011 20:24 GMT Euro rallies as ECB’s President signals rate hike next month Euro soars broadly on Thursday after European Central Bank’s President Jean-Claude Trichet said in a press conference following rate decision that...
