With the United States on holiday Monday, currency traders are likely to witness a relatively thin trading environment. Though debt concerns loom in the euro zone, and industrial production falters globally, the higher yielding assets like the...
The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.Key equity index of...
The markets should prove rather cautious today as the U.K. and the U.S. both commemorate holidays. As trading ended on Friday the USD finished at the weaker side of its range against the EUR and GBP. Wall...
Market Review – 27/05/2011 21:11 GMT Euro rallies on easing of euro zone debt concerns and broad-based dollar weakness Euro rallied on Friday as euro zone debt concerns eased and the greenback weakened against its major counterparts...
05/29/2011 23:47 UTC NZD swings higher as it strengthens against the USD, AUD, EUR, GBP and CAD. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
USDCAD broke above the downtrend line from 1.0285 to 0.9973, suggesting that the fall from 1.0672 had completed at 0.9444 already. Further rally could be seen in a couple of weeks, and next target would be at...
After consolidation, USDCHF continued its downward movement from 1.1730, and reached as low as 0.8465. Further fall could be expected in a couple of weeks, and next target would be at 0.8300 area. Key resistance is now...
USDJPY is forming a cycle top at 82.22 on daily chart. Deeper decline towards 79.58 support would likely be seen next week, a breakdown below this level could trigger another fall towards 76.40 previous low. Resistance is...
AUDUSD remains in downtrend from 1.1011, the bounce from 1.0440 is treated as consolidation of downtrend. Another fall could be expected next week, and next target would be at 1.0250 zone. Key resistance is at 1.1011, only...
GBPUSD bounced strongly from 1.6059, suggesting that a cycle bottom had been formed on daily chart. Further rise towards 1.6745 previous high could be seen next week, a break above this level will indicate that the long...
