The USD/JPY pair rose on Wednesday, as traders began to sell off the US Treasury market, thus driving up the yield on most notes. As money flow goes, chasing yield is one of the simplest explanations for...
The EUR/USD pair tried to break above the 1.45 level again on Wednesday, but failed yet again. The US Durable Goods numbers came in much higher than expected, and as a result – the Americans sold off...
The Japanese yen (JPY) was pushed back yesterday, as the Bank of Japan (BOJ) unveiled a new fund of approximately $100 billion in order to curb the rising strength of the island currency.
INTRA-DAY USD/JPY: Last Update At 25 Aug 2011 02:18 GMT Range Forecast76.75 / 77.00 Resistance/SupportR: 77.22 / 77.30 / 77.59S: 76.75 / 76.47 / 76.25
Market Review – 24/08/2011 21:57 GMT Dollar advances broadly on speculation Fed won’t provide more stimulus The greenback rose across the board Wednesday as investors lowered their expectations that Fed Chairman Ben Bernanke will signal further stimulus...
Willingness to take risks increased today.
The Dollar traded flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation between the Dollar Index...
With a report from the American housing market being released yesterday, traders have begun to see a sudden loss of strength in the core assets of the American economy.
The pair continues to be well bid as it seems to have found some good support on top of the 200 moving average.
The pair continues to consolidate (more than 2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
