Market Review – 10/01/2011 21:47 GMT Euro recovers from 4-month low on short-covering The single currency extended last week’s selloff to a fresh four-month low at 1.2860 (NZ) on Monday due to lingering eurozone sovereign debt crisis...
The dollar continued its rally against the euro on Friday, despite the weaker-than-expected increase in hiring in December, reflected in the Non-Farm Payrolls data. The dollar strengthened as the U.S. Unemployment Rate has dropped to 9.4%, its...
Market Review – 07/01/2011 18:57 GMT Euro tumbles to 4-month low despite weaker-than-expected U.S. payrolls report The single currency fell broadly on Friday as renewed euro zone sovereign risk pressured the euro. Although eur/usd managed to stage...
USDCAD remains in downtrend. Deeper decline is still possible next week and next target would be at 0.9800 area. Resistance is at 1.0035, as long as this level holds, downtrend could be expected to continue. However, a...
USDCHF bounced strongly from 0.9300, suggesting lengthier consolidation of downtrend from 1.1730 is underway. Further rally is expected in next several weeks and target would be at 1.0000 area. Support is at 0.9300, only break below this...
USDJPY bounced strongly from 80.93, suggesting that a cycle bottom had been formed on daily chart. Lengthier consolidation of downtrend from 94.98 would likely be seen and further rise towards 84.50 resistance is expected next week, above...
AUDUSD remains in uptrend from 0.8066, the price action from 1.0182 is treated as consolidation of uptrend. Lengthier consolidation is expected in a couple of weeks and pullback to 0.9600 area to complete the consolidation would likely...
GBPUSD stays in a trend line from 1.6298 to 1.5910 and remains in downtrend, the bounce from 1.5344 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is expected to continue...
After a sideways consolidation, EURUSD continued its downward movement from 1.4281 and reached as low as 1.2904 level. Further decline is still possible next week and next target would be at 1.2600-1.2700 area. Key resistance is at...
Update Time: 06 Jan 2011 20:59GMT INTRA-DAY USD/JPY OUTLOOK – +83.35+ As dlr has rebounded after finding renewed buy-ing abv European low of 82.88, consolidation withupside bias is retained, abv intra-day 83.40 highneeded to extend this week’s...
