Wall Street closed in red territory on Wednesday. U.S. stocks dropped sharply as commodities stumbled and the euro’s decline further frayed investors’ nerves. After dropping as much as 183 points, the Dow Jones Industrial Average closed down...
Oil prices dropped sharply yesterday with the New York Mercantile Exchange session closing just below the $98 price mark. US oil stockpiles rose over 3 million barrels for the second week in a row, marking a significant...
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
Greetings. Let’s take a look at the GBP/USD hourly chart. It seems the general trend remains bullish, however, look for more potential retracement to the downside. Look for the pair to potentially test the 1.6250 target area...
Market Review – 11/05/2011 20:37 GMT The euro tumbles broadly on renewed concerns over financial aid to GreeceThe single currency tanked on Wednesday due to uncertainty over European leader’s willingness to offer more financial aid to Greece,...
Wall Street tallied robust gains Tuesday to extend a winning run into a third session after Microsoft said it would buy Internet-phone company Skype for $8.5 billion. The deal bolstered expectations of more buyouts to come. The...
The EUR reversal was put on hold as traders consolidated their positions on Tuesday and actually took the Single Currency to better values. With both Greece and other European nations saying a restructuring of Sovereign Debt is...
The EUR was able to hold its recent price against the US dollar as regional investors battled over the direction of the 17-nation common currency. The two ends of the spectrum were represented by those wanting to...
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
Market Review – 10/05/2011 20:36 GMT Euro posts moderate gains on Greece’s potential new financial aid Euro swung between gains and losses on Tuesday driven by conflicting reports about a potential new deal for Greece and lots...
