Market Commentary The Dollar Index continued appreciating after finding support at 79.00 ranges to currently trade at 80.75 with 81.20-81.50 acting as short term resistance. As against historic inverse correlation between the benchmark equity index of the...
With the exception of the euro, which was negatively affected by EU manufacturing data, most higher-yielding currencies, commodities and precious metals saw upward movement yesterday.
The British pound is deemed to strengthen alongside the Euro today as a gauge of UK manufacturing unexpectedly expanded in December, suggesting renewed strength in the economy at the end of 2012. In contrast, the Euro is...
The USD/JPY pair rose during the session on Wednesday as the “risk on” rally continues. The U.S. Congress came up with a “fiscal cliff” agreement that keeps the United States dollar recession for the short-term.
The USD/CAD pair fell significantly during the Wednesday session as we smash through the 0.99 handle. This area was thought to be supportive, and the fact that it was working through like it wasn’t even there would...
The GBP/USD pair initially had a very strong showing during the Wednesday session when word got out that the U.S. Congress agreed to a “fiscal cliff” deal. During Asian trading, we saw this pair shoot straight up...
The EUR/USD pair shot straight up during the session on Wednesday as word got out that the U.S. Congress had come to an agreement involving the so-called “fiscal cliff” during New Year’s Day.
The AUD/USD pair had a strong showing on Wednesday as the United States Congress seems to have come up with a solution to the so-called “fiscal cliff” debacle that has pushed markets around back and forth over...
There is market optimism in the global financial markets, and the safe haven US dollar is expected to fall against its Canadian currency counterpart. The bipartisan US Congress finally agreed to and voted for a budget deal...
Higher-yielding assets, including crude oil and the British pound, turned bullish to start off the week, as hopes that US lawmakers would reach a budget agreement encouraged risk taking before markets closed for the New Year’s holiday.
