EURUSD dropped from 1.4696, suggesting that a cycle top had been formed on daily chart. Now the fall would possibly be resumption of downtrend from 1.4939. Deeper decline could be seen next week, and next target would...
06/10/2011 17:44 UTC CHF swings higher as it strengthens against the AUD, CAD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CHF is 7 out of 8, thus suggesting that the current swing may be...
06/10/2011 14:26 UTC USD swings higher as it strengthens against the EUR, GBP, CAD, AUD and NZD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
06/10/2011 13:54 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CAD and CHF. Recent mid-term strength indicator reading for AUD is 1 out of 8, thus suggesting that the current swing may be...
Asian and European trading sessions:
The Dollar Index (DXM11) has taken critical support from 73.40 ranges and can trade sideways facing resistance at 74.80-74.90 ranges. For key equity index – Dow Jones Industrials (DJIA), 11600-11700 ranges is expected to act as final...
06/10/2011 07:17 UTC JPY swings higher as it strengthens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...
American shares on Thursday rebounded from Wall Street’s longest losing stretch this year, after a narrowing of the U.S. trade gap offered hope the recovery might not be as weak as thought. The government also reported a...
With the US economy releasing a series of soft data reports, and President Obama falling in public opinion polls, the euro zone should be set to make a major jump against its Atlantic rival should it be...
The USD gained against the EUR on the heels of the ECB press conference anchored by President Trichet. While signaling a possible rate hike in July, the ECB President also added that inflation appears ready to moderate....
