The Dollar Index continued to appreciate throughout the European session but profit booking was witnessed during the American session on the event of the benchmark equity index of the Dow Jones recovering off the gap down opening...
Data on American inflation and investment today may indicate mild optimism that could drive the greenback lower in the short-term. Recent news has done little to alter the current direction of the forex market, though news could...
The USD/CAD bounced on Monday as the trading world started to shun risk assets globally. The oil markets were soft, and so were the equity markets. This sends risk assets down, and in this case – the...
The AUD/USD fell on Monday as the global “risk off” trade came back in full force. With lack of risk appetite, the pair was always doomed to fall. The bounce that we saw last week was certainly...
USD/CHF rose during the Monday session as traders continue to buy the US dollar in reaction to the lack of urgency shown by the EU in relation to the debt problems in that area. The market has...
The GBP/USD pair has a bearish day on Monday, as traders reacted to statements about the lack of speed of an upcoming EU solution. This put the “risk on” trade on the back foot for the session,...
USD/JPY continues to hover in its tight range as traders are taking advantage of extremely low volatility in the market. The Bank of Japan is willing to step into the market on the buy side if the...
The EUR/USD pair fell hard on Monday as German Finance Ministers stated that the “solution to the EU problems aren’t going to be announced in a few short days”, which seemed to be what the market was...
Europe may need more time to solve the problem of sovereign debt.
The Dollar Index ended its loosing streak after hitting major support zone of 76.00-76.50 resulting in correction in the benchmark equity index of DJIA. Though 76.00 ranges are expected to again act important support in medium term;...
