With the Dow Jones Industrials (.DJIA) unable to sustain above 13000 mark, the Dollar Index may trade sideways between 78.60 and 79.85. Though the major trend of the Greenback is bearish, it may trade sideways for couple...
The Dollar Index resumes bearish trend after hitting short-term resistance of 80.20 to currently trade at 79.00; daily close below 78.30 may drag the Greenback further lower. The benchmark equity index of the Dow Jones Industrials is...
Market review for 13 – 17.02, 2012
Following a hectic several days last week that saw the euro drop to a three-week low against the US dollar, the common currency may finally see some relief today. A scheduled meeting of euro-zone finance ministers is...
The USD/CAD pair fell during the session on Friday, but managed a bounce towards the end of the day to form a hammer. The candle isn’t all that impressive as it simply is in the middle of...
AUD/USD fell after initially rising during the Friday session as the 1.08 level has held as resistance yet again. The level seems to be extremely durable, and one simply cannot help but feel that a pullback could...
USD/CHF fell for most of the session as the Franc gained a bit in general during the European and Asian sessions. The 0.91 level is just below, and the support showed up in the form of a...
The GBP/USD pair rose on Friday only to turn around in the end. The pair formed a shooting star at the 1.58 level, and although we have seen a nice pushback from the bulls, this latest candle...
EUR/USD rose during the session on Friday as the market tried to rally on all things risky. However, there is a massively important meeting in Europe on Monday that will decide whether or not the Greeks get...
The USD/JPY pair continued to shoot straight up during the Friday session as the Yen is starting to become parabolic in this move. The Bank of Japan has announced an escalation of bond buying, and as a...
