Concerns that the euro zone nations are not doing enough to tackle the debt woes plaguing the region has moved many traders to pull away from European assets and seek out relatively safer investments. The decline in...
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...
Market Review – 10/02/2011 20:14 GMT Euro tumbles on much lower-than-expected U.S. weekly jobless claims data The dollar rallied broadly (except vs the British pound) on Thursday after U.S. weekly jobless claims fell to a 2-1/2 year...
Reaction to the Ben Bernanke speech. Asian and European trading sessions:
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
Following yesterday’s losses, the US dollar has the potential to stage a bullish correction today providing that this week’s Unemployment Claims figure comes in as predicted. Analysts are currently forecasting a number of around 411K, which if...
Market Review – 09/02/2011 20:10 GMT Euro rises as Fed’s Bernanke expects U.S. unemployment rate remains high Euro rose on Wednesday after Federal Reserve Chairman Ben Bernanke reiterated U.S. unemployment would remain high together with the fall...
H4 The consolidation on the AUD market has continued. While on Monday the prices were moving in a quite narrow sideways corridor, on Tuesday the volatility grew.
EURUSD managed to post second consecutive positive close at 1.3625 against previous close of 1.3593 – just trying to set in bullish momentum once the daily closing happens beyond 1.3700 ranges. In case of EURUSD, till it trades above...
The euro gained against the U.S. dollar and Japanese yen in late trading Tuesday as stronger Japanese equities prompted investors to buy back the risk-sensitive currency, pushing it further off the two-week low against the greenback that...
