Market volumes will be thin after the European sessions are completed today because of the holiday in the United States. The EUR continues to hold its ground amidst gains against the USD. The GBP has climbed slightly....
After five days of strong gains in the stock markets that were boosted by receding worries of a Greek default, eyes will likely turn closer to home next week to read the tea leaves of key U.S....
Last week’s improvement in risk sentiment was noticeable with the passage of the Greek austerity measures along with encouraging Chicago PMI and Manufacturing ISM data from the US. However, global manufacturing data was weaker in the UK,...
07/04/2011 06:43 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...
The Dollar Index (DXU11) traded mixed wherein the USD has depreciated against most of the FX majors where as the USD has traded flat against the Japanese Yen and depreciated against the Swiss Franc.Key equity index, Dow...
07/04/2011 05:17 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CAD, EUR and GBP. Recent mid-term strength indicator reading for AUD is 5 out of 8, thus suggesting that the current swing may...
Market Review – 01/07/2011 20:07 GMT Euro ends higher against greenback after intra-day volatile movements The single currency ended higher against the greenback on Friday and climbed to a three-week high of 1.4553 in European morning before...
The pair has ended an almost 50% retracement of its rally starting in March with a bounce on top of the 1,04 area. A clear break above previous high at 1,0775 would expose a test of all...
With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).
Although the long trend remains bearish, we think that the USD/CHF in on the verge of a major corrective move of top of its historical low at 0,8275.
