Ongoing concerns regarding the Greek debt swap later this week, weighed down on the euro throughout yesterday’s trading session. Risk aversion kept the EUR/USD close to the 1.3200 level, while the EUR/JPY dropped some 100 pips before...
The EUR/USD pair rose slightly during the Monday session as the selloff that we saw last week took a bit of a breather. The area that the pair sits in at the moment is the start of...
The USD/CAD pair rose on Monday as the price of oil sat fairly still. The market is now entering the recent consolidation area of 0.99 to 1.0050 or so. This should offer a bit of resistance, but...
The AUD/USD pair fell during the Monday session as the consolidation in this market continued. The 1.08 level has continued to show real strength as a resistive level, and the 1.06 level has been very supportive at...
The USD/CHF pair fell a bit during the Monday session, after skyrocketing the couple of sessions before that. The 0.91 level has been broken above and we think this area should offer at least some support, all...
GBP/USD rose after first falling on Monday. The 1.58 level acted yet again, this time as support. The pair does look fairly healthy, and the fact that the 1.58 is now acting as support instead of resistance...
The USD/JPY pair fell for most of the session on Monday, but bounced later in the trading day to form a nice hammer. The pair looks like it is still willing to go higher, and this latest...
With most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials (DJIA) trading sideways, the Dollar Index has been trading tight since yesterday. The benchmark equity index of the Dow Jones Industrials...
Market review for 27.02 – 2.03, 2012
The Dollar Index is trading firm at 79.40 after finding support at 78.10 ranges; the short term trend is sideways between 79.80 and 78.40. The benchmark equity index of the Dow Jones Industrials is currently trading sideways...
