The US Dollar Index is approaching critical support of 78.20, DXH2 may become sideways between 79.80 and 78.20. Though the major trend is bearish, 78.20 may act as important support.Dow Jones Industrials is trading at the last...
Market review for 06 – 10.02, 2012
Last week ended with mixed results as all US stock indices finished lower on Friday. Binary options trading focusing on stock indices probably noticed the strong downtrend apparent in all markets as the DOW dropped 0.69% to...
The euro took a strongly bearish turn to close out last week, after hitting a two month high against the dollar on Thursday. The downward correction was largely attributed to fresh concerns that Greece may not get...
With the US Dollar Index is approaching critical support of 78.20, DXH2 may become sideways between 79.40 and 78.20. Dow Jones Industrials is trading at the last year highs of 12900 ranges; DJIA Vs DX correlation suggests...
USD/CAD rose on Friday as the “risk off” trade came back into play. The pair has been very choppy lately, and we are still stuck in the range that has been causing all of the problems. With...
AUD/USD fell on Friday as the concerns out of Europe came back into the forefront again. The pair is very sensitive to risk, and the fall should have been expected. Also, the shooting star at the 1.08...
The USD/CHF pair rose during the Friday session as the “risk off” trade came back into play. The 0.91 level is the start of support all the way down to 0.90, and this area produced a bounce...
The GBP/USD pair fell hard on Friday as the Greek debt talks stalled again. With the UK’s exposure to the European Union and all things debt related, this pair was always going to fall in that environment.
USD/JPY had a quiet day on Friday as traders weren’t necessarily feeling very risky. The Yen and Dollar both enjoy safety trade status, and as a result this pair sat still. The Bank of Japan has acknowledged...
