The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
The US economy will largely be absent from the economic calendar today, with the exception of the ever-important TIC Long-Term Purchases report which measures the level of foreign and domestic investment in the US. A minor housing...
Market Review – 15/07/2011 21:34 GMT Euro little changed against dollar despite better-than-expected stress-test results The single currency hovered around 1.4157 against dollar near New York close after a choppy session on Friday. Although the European Banking...
The pair is now back under pressure after a new fail at the top of its range (1,08). Considering the latest price actions, we now expect a new test of 1,05 with a possible extension towards 1,0450...
After a new fail to establish above 0,97 and despite an attempt to hold above 0,9550 last week, the pair remains in intense bearish pressure.
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
The picture on the Pound is slightly different from the Euro. After a bounce on its lower bollinger band, the GBP/USD has made an impressive rally (in one day precisely) to reach the 1,62 level.
After a significant breakout of a daily triangle, the pair has found some great support on top of the 1,39 level coinciding with the 200 moving average. We have then seen a pullback towards the former triangle...
Since the beginning of May, the US Dollar Index is consolidating in a wedge figure and we might see the market going upside and down over the coming days as the overall outlook remains unclear.
