AUDUSD’s bounce from 0.8577 extended to 0.9193 level. Support remains at the rising trend line from 0.8577 to 0.8801, as long as the trend line support holds, further rally is expected and next target would be at...
GBPUSD is forming a cycle bottom at 1.4784 level on daily chart. Key resistance is at the falling trend line, a clear break above this trend line resistance will confirm the cycle bottom, then further rally could...
EURUSD had formed a cycle bottom at 1.3435 level on daily chart. Bounce to 1.3900-1.4000 area to reach next cycle top is expected next week and the next cycle top is nearing. Support level is now at...
On Thursday, the US stock indices were up, where Standard & Poor’s 500 grew to a 17- month high amid the optimistic comments of the Chief Executive Officer of Citigroup; which pushed upwards the financial markets’ stocks...
GBP/USD Open 1.5064 High 1.5120 Low 1.4947 Close 1.5060Pound/Dollar rose on Thursday although Interbank sentiment remained bearish at around -2%. The Cable increased from 1.4947 to 1.5085, closing the day at 1.5060. Today the Cable recovered to...
Past events: • USD Unemployment Claims out at 462K, versus expected 456K, prior 468K• USD Trade Balance out -37.3B versus expected -40.9B, prior -39.9B• CAD Trade Balance out 0.8B, versus expected 0.3B, prior 0.1B• CHF Libor Rate...
The Dollar remained lower against higher yielding currencies today, after mixed economic data published yesterday. Crude Oil prices remained mainly unchanged on concerns of Chinese monetary policy tightening which might dampen the country’s demand for commodities.
EUR/USD Open 1.3683 High 1.3700 Low 1.3624 Close 1.3679On Thursday Euro/Dollar continued recovering, forming a secondary rising channel on the 3 hour chart. The currency couple appreciated from 1.3624 up to 1.3687, closing the day at 1.3679....
Market Review – 11/03/2010 22:59GMT Dollar little changed after mixed data on US trade and jobless claims The greenback traded little changed versus major currencies on Thursday after mixed data on U.S. trade and jobless claims failed...
Yesterday, the European currency managed to overcome the bearish pressure, which was continuing during last few days, and showed the growth to the weekly high of 1.3678. On the Asian session, the pair was sliding, however,...
