The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...
Market Review – 21/04/2011 19:18 GMT Euro retreats from16-month high of 1.4649 on profit-taking ahead of Good Friday holiday The single currency extended Wednesday’s rally to a fresh 16-month high of 1.4649 in European morning on Thursday due...
Market review for 18 – 22. 04, 2011
With Europe still on holiday in observance of Easter, today’s markets will be highly illiquid, making most currencies continue to trade within tight ranges until the opening of trading on Tuesday. Tomorrow’s news should be much more...
The U.S Dollar continued depreciating after breaking critical support of 74.825. Bear trend seems to sustain till the daily close is not beyond 75.20. Only daily close above 75.60 would post short-term bottom.The Dow Jones Industrials (DJIA)...
GBP/USD has broken above the 1.65 level, which is a sizeable marker for this pair. The pair will certainly struggle until 1.70, but does look bullish overall. Because of this, we are finding this market very constructive....
The USD/JPY had a quiet day today as the Good Friday holiday slowed markets down. In fact, the analysis is the same as yesterday – we may struggle a bit at the 81-82 levels, but this area...
EUR/USD broke above 1.45 this week and shows that the EUR/USD trend is serious. The market looks to run to 1.50, and one would have to believe that this market will find it fairly soon. The selling...
Rehabilitation of the US dollar. Asian and European trading sessions:
Yesterday US stocks rallied once again, although unemployment claims were higher than expected, reaching 403K with a forecast of 394K. The Dow rose 52.45 points, to 12505.99, the Nasdaq Composite gained 17.65, to 2,820.16,and the Standard &...
