The EUR/USD pair rose on hopes the EU is getting closer to a solution as the Italian PM has promised to resign. However, at the same time Italian bonds are spiking to the highest levels since joining...
Since last week’s bout of USD strength the major currencies continue to trade in defined ranges as market players look for the next big event which could come from Europe.
The Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act medium-term resistance.The benchmark equity...
Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....
USD/CAD had a down day on the session for Monday, as traders piled into the oil markets. The pair seemed to focus on this during the session, and as such – the standard correlation between the value...
AUD/USD fell on Monday, but managed a bounce again as American traders continue to ignore any signs of global economic issues. The pattern has been the same for a while: Asians and Europeans tend to sell off...
USD/CHF rose during the session on Monday as officials out of Switzerland stated that they are willing to do what it takes to weaken the Franc. This move ran counter to what went on in all of...
The GBP/USD pair had a range bound day on Monday as traders still look for direction in terms of the “risk on” or “risk off” trade. The markets are very volatile, and will more than likely continue...
USD/JPY continues to hang in around the 78 handle, and as such – it is providing little in the way of short-term trading opportunities. The intervention has scared many of the traders away, but these unilateral interventions...
The EUR/USD pair fell on Monday, only to bounce later in the US session. Even with a failed EFSF bond auction, the Americans continue to buy the Euro. The pattern is becoming obvious: Europeans sell, Asians sell,...
