Thursday saw a selloff in the EUR/USD again. The 1.45 area seems to be an area that sellers are willing to step in and get involved, and this past time has been no different.
GBP/USD fell as the world got spooked by fears coming out of Europe involving the debt crisis, and the Philly Fed numbers came in very poor. The reality is that the world could be slipping into recession,...
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off...
The USD/CHF pair remains somewhat stagnant as the trading community currently fears whatever means the Swiss National Bank are willing to take in order to keep the value of the Franc down.
The USD/JPY continues its slow march south as the trading world tentatively tests the patience of the Bank of Japan. The central bank intervened just two weeks ago, and at levels just above where we presently sit.
Most of the asset classes, especially the equity bourses succumbed to selling pressure resulting in the Dollar Index recovering again from important support of 74.00 ranges. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation...
Market Review – 18/08/2011 22:32 GMT Dollar and yen rally broadly on debt crisis and global economic growth The single currency tanked on Thursday on renewed risk aversion as investors were worried about Europe’s debt crisis could...
US Dollar drops against competitors. Asian and European trading sessions: Euro: Today the EUR/USD pair managed to show a strong positive dynamics and almost reached the $1.4500 maximum. Released negative Euro-zone Consumer price index did not pressure...
The pair has extended hits gains reaching 1,06 during last trading session before reversing.
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonacci retracement level which is now a key level to watch.