With interest rate decisions on tap today, many investors appear weary of taking on risk. Should the ECB lift rates today, as is expected, there is potential for the EUR to see a sharp downturn as investors...
So here we sit on the cusp of yet another likely interest rate hike from the ECB. Is this an interest rate hike to slow down out of control growth or inflation? No. It is in the...
The US Dollar traded mixed wherein mild correction was seen in the Euro and the Cable; where as the Aussie Dollar posted mild gains and the Swiss Franc traded flatKey equity index, Dow Jones Industrials (DJIA) finds...
Considering the US Dollar bounce and the renewed risk aversion on the market, the Aussie has been outperforming yesterday stopping its setback above 1,0650. A break above 1,08 would probably resume the uptrend with an acceleration towards...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 and we might see a...
The USD/CHF setup is very constructive with the formation of a potential matrial base on top of the historical low at 0,8275 but as long as the pair remains stuck below its daily descending trendline and strong...
The pair continues to consolidate on top of its key support at 80,00. There is still a lack of momentum and we have to be extra carefull while trading a Yen related pair.
Cable remains under pressure with now a break back below 1,60 which opens the door to the 1,59 level. A break below this level would expose further decline towards 1,58 and beyond.
The pair has validated a descending trendline in the beginning of the week and been under pressure since with an acceleration of the decline yesterday on Eurozone debt concerns.
07/07/2011 01:30 UTC AUD swings higher as it strengthens 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...
