Market Review – 20/01/2011 17:30 GMT The greenback rebounds broadly on strong U.S. economic data The dollar rebounded across the board on Thursday after economic data showed U.S. economic recovery was on track and the dollar index...
The greenback weakness pushed euro higher. Asian and European trading sessions:
4-hour timeframeThe euro is still developing a buy signal with target level at 1.3298; however, correction movement is continuing as well.
The US dollar saw gains across the board in overnight trading. Analysts attribute the bullish greenback to a positive US Building Permits figure released yesterday, which subsequently made the dollar more attractive to investors. Today, a batch...
Market Review – 19/01/2011 19:46 GMT Euro touches 2-month high against the dollar on easing debt worries The single currency climbed to an two-month high against the dollar on Wednesday on growing hopes that eurozone policymakers would...
Strong Euro-zone fundamentals supported the euro. Asian and European trading sessions:
The GBP/JPY is moving within corrective wave 4 of medium term uptrend – colored magenta in the chart. The targets of the downmove are Fibonacci retracements of 128.29-132.48, 130.43-132.48, expansions off 132.48-131.62-132.14. Supports: – 131.45 = .50...
The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The Canadian dollar was sold following a dovish monetary policy statement.
Hello. Let’s take a look at the GBP/USD hourly chart. The steep upward movement from the beginning of the year looks like it may have a little more steam to push the currency pair a little higher.
Market Review – 18/01/2011 21:23 GMT Euro gains on optimism eurozone debt crisis would be tamed The single currency rose to 1-month high against the dollar on Tuesday due to optimism the eurozone officials may announce new...
