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...
USDCAD continued its downward movement from 1.0672 and the fall extended further to as low as 0.9831 and next target would be at 0.9700 area. Resistance is at 1.0057, as long as this level holds, downtrend will...
Being supported by 0.9300 previous low, USDCHF rebounded from 0.9328, suggesting that lengthier consolidation of downtrend is underway. Further rally is still possible in a couple of weeks and target would be at 1.0000 area.
USDJPY kept on moving sideways in a range between 80.30 and 84.50. Sideways consolidation is expected to continue next week and bounce to 83.00 area would likely be seen. Support is at 80.93 and resistance is at...
