AUD/USD continues to show its resilience as it sold off hard today, only to rise in the end. The day still formed a bearish candle, although it was fairly hammer-shaped. Because of this, it looks like the...
Standard and Poor’s ratings agency shifted their assessment of US long-term debt from stable to negative yesterday, citing indecisiveness and inaction on the part of US policymakers. The statement has been commented on as overdue considering the...
U.S Dollar bounces from the all time low of 74.825 (DXM11) made on April 15, 2011. The Dow Jones Industrials (DJIA) fell from the historic resistance zone of 12400 ranges, resulting in correction in Euro, the Aussie...
Market Review – 18/04/2011 19:50 GMT Euro tumbles as European sovereign debt fears mount Euro tanked on Monday with increasing fear of a possible Greek debt restructuring and the yield on Greece’s 2-year bonds surged to a record...
Last week, Wall Street ended mixed tendencies to close slightly higher after President Obama delivered his plan for reducing the deficit by $4 trillion over 12 years, and as the Federal Reserve’s beige book. It seems that...
The U.S Dollar depreciated to all time low of 74.825 despite the Michigan Sentiment rising month-on-month. The Euro is expected to take resistance at the historical resistance zone of 1.4500-1.4550 ranges; Swiss Franc is expected to further...
U.S. stock indexes have largely been treading water, as Wall Street preps for an onslaught of earnings that will have more than 100 S&P 500 companies reporting in the week ahead. Next week everyone will be focused...
NZD/USD Time: 07:30 Rate: 0.7945 Strategy: short Considerations: Weekly time frame: Wolf deviation in the indicators – potential for short in a shorter time range.
Though the USD is gaining ground on the euro, the blame lies not on US strength but in euro zone weakness. The EUR failed to break above key resistance levels and promptly dropped as a result, pushing...
The USD gained on the EUR on Friday with the Greenback practicing a slightly better stance. The USD has seen sustained pressure, but managed to find some backing as rumors continued to swirl regarding the European Sovereign...
