Market Review – 08/02/2011 20:07 GMT Euro rises on active cross buying Euro rose in volatile trading on Tuesday. Although euro ratcheted higher from Asian low of 1.3573 to 1.3667 in European morning, the single currency retreated...
Earlier on a 4-hour graph the EUR/GBP has formed candlestick combination Piercing Line, which indicates upside movement.
Concerns over the instability in Egypt. Asian and European trading sessions:
Yesterday’s trading began with a sharp decline for the euro, following a disappointing German Factory Orders report. However, the euro managed to correct most of its losses afterwards on speculation the ECB might hike interest rates in...
EURUSD fared some of the losses after falling to day’s low of 1.3508 and closed marginally on a positive note yesterday at 1.3593 against previous close of 1.3583. Dow Jones continued the rally for 6th consecutive day...
Market Review – 07/02/2011 20:38 GMT Euro rebounds from a two-week low on short-covering in New York The single currency was little changed on Monday as the continued rise in U.S. stocks together with short-covering lifted the...
Market review for 31.01 – 04.02, 2011
The dollar was up versus the major currencies following disappointing non-farm payrolls numbers, highlighting the difficulties the Federal Reserve faces in reducing US unemployment.
Dollar continued to rally for the second straight day on Friday 04th Feb, against every major pair after unexpected sharp decline in unemployment rate in US to 9.0 percent for January 2011 against median expectation of 9.5...
Market Review – 04/02/2011 19:49 GMT Dollar rallies broadly on surprised sharp fall in U.S. unemployment rate The greenback rallied versus the Japanese yen on Friday as U.S. Treasury yields jumped after the key U.S. jobs report...
