Consolidation was largely seen in the currency and commodities markets on Monday as caution became the general theme due to the developing story in Japan. Equities however remain under considerable strain on many bourses as investors react...
The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. The Fed Statement is expected to provide an assessment of the current economic...
US Dollar appreciated across the board on the event for profit taking in key index of Dow Jones Industrials (DJIA). November, 2010 lows of 75.75 is expected to act as key support for Dollar Index (DX), March...
Market Review – 14/03/2011 20:14 GMT Euro strengthens as EU leaders widen the scope of rescue plan The euro extended its Friday’s rally on Monday as the EU leaders surpassed all expectations by agreeing to widen the scope...
The GBP/USD currency pair is demonstrating a slight correction after a decline to 1.5980.
GBP-CHF The pair stands around the supporting area from December 2008 at – 1.5120 (the brown line) that broke in 2010 and ever since crosses the area back and forth. The daily graph is situated on the...
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....
