The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
European Summit expectations increase the demand for the high-risk assets.
Crude Oil prices rose yesterday, reaching as high as $99.60 per barrel in late trading. Growth differentials between the Atlantic states have risen into view this week while manufacturing output and service data revealed mild weakness in...
The pair did finally manage to break above the upper limit of its daily range at 1,08. We now consider that the market will resume its long term uptrend which is confirmed by the rising weekly 20...
As we expected, the multi-year low at 0,9450 has now been tested. The pair even printed a new fresh low at 0,9425.
With the US Dollar now under intense pressure, it doesn’t help the USD/CHF to start building a meaningful bounce.
With a break below last week low, the pair has confirmed a bearish outlook and we now expect additional decline going forward.
The Cable has confirmed a bullish structure by breaking above 1,62 with a strong momentum. Next immediate target comes in at 1,64 but we might see the pair rallying towards 1,66 (daily bollinger band).
As we expected, the pair has finally broken through the 1,43 resistance to establish above 1,44 in a sharp move. We now expect a test of 1,45 with a possible extension towards 1,46 (daily bollinger band).
Market Review – 21/07/2011 22:27 GMT Euro surges after EU leader reached an aid package for Greece The single currency rallied to a two-week high on Thursday as the euro zone leaders finally agreed on a second...
