The euro rose to a four-month high against the U.S. dollar on Monday, on steady buying by Middle East accounts. It also appears to have been boosted by favorable interest rate differentials. The EUR reversed earlier losses...
EURUSD though lost some shine yesterday in range bound market but likely to maintain momentum on upside unless it closes below 1.3900 on daily charts. Cable faced resistance at 1.6343 against Greenback and settled 146 pips lower...
Greetings and welcome back to another week of trading. Let’s take a look at one of our favorites – the EUR/JPY. It seems we’re in a potential retracement from the recent move up, however, don’t expect to...
Market Review – 07/03/2011 20:11 GMT Euro falls in NY as continued rise in oil prices dampens risk appetite Euro reversed intra-day gains on Monday as the continued rise in oil prices dented risk-appetite, decreasing the demand...
Market review for 28.02 – 04.03, 2011
USD/JPY The pair continues to be in the range of symmetric triangular pattern, the next time the price will get closer to the trend line of the triangle it will be possible to see its breakout.
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...
