The EC Summit is in the focus of the market. Asian and European trading sessions: Euro: During the Asian trading session the euro continued rising against the US dollar against the background of European leaders’ promises that...
USD/CAD fell on Monday as traders sold the Dollar around the world. The oil markets also managed to break above the $90 mark, and this was massive resistance. The demand for oil could and should push the...
The AUD/USD slammed into the 1.05 level on Monday, and pulled back slightly. The area proved to be massively resistive, but the candle is closing towards the very top of the range, which is always a bullish...
USD/CHF rose, and then sold off on Monday to form a shooting star on Monday. The market is being manipulated by the Swiss National Bank, which has been actively working against the Franc. Because of this
The GBP/USD pair rose on Monday, and even retested the 1.60 level. The area held as resistance during the late hours of the session, and the recent consolidation in August at this level shows that we may...
The USD/JPY pair fell again on Monday, as the Dollar got hit against all major currencies. However, the Bank of Japan has been very vocal over the last 24 hours about “speculative” moves in the Yen, and...
EUR/USD rose again on Monday, but saw a sharp pullback from the 1.3950 area in the later hours of trading. It should be noted that the 1.30 level had served as resistance over the last few days,...
The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
Data on American consumer confidence from Conference Board, Inc., (CB) 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...
Weekly review for 17 – 21. 10, 2011
