The Dollar Index (December basis) is trading flat with 78.00 acting as important support on the event of flat to weaker trading in most of the asset classes. Major trend is range bound between 73.40 and 81.20...
Market review for 28.11 – 2.12, 2011
Central bankers and politicians were the drivers of the FX markets last week and this will likely continue this week. There are 9 central bank meetings on the economic calendar with the most important being the ECB...
On Friday the Dollar Index traded weak for most part of the European session but mild weakness in the benchmark equity index of Dow Jones resulted in the Greenback surge. Major trend is range bound between 73.40...
The AUD/USD pair struggled on Friday as the market sold off in general. The Thursday session produced a hammer, and the Friday session formed a shooting star – effectively stating that the pair is confused and could...
EUR/USD rose initially on Friday as optimism gripped the markets once again. However, the 1.35 level has proven that it will attract sellers as the pair approaches it, and the candle was red at the end of...
Friday saw a hard sell off in the cable as traders sold the risk trade in the currency markets. The breaking of the bottom of the doji form Thursday gives us a sell signal, although we are...
The USD/CAD pair had initially fallen in the wee hours of Friday before bouncing after the Non-Farm Payroll announcement. The markets produced a hammer for the session, and it currently sits on the 1.01 level – the...
USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions.
The USD/JPY pair got a boost on Friday as traders continue to buy the Dollar against the Yen at the moment. However, there is a ton of selling in this pair overall and the 0.8000 level is...
