U.S. stocks rallied Tuesday, lifting the three benchmark indexes to 2011 highs. Revenues and earnings for nonfinancial companies have reached record levels, helped by international exposure for many S&P 500 reporting companies. Rebounding from Monday’s losses, the...
GBP/USD – 1.6492.. Cable retreats in tandem with euro after initial brief bounce to 1.6523, however, price quickly retreated on reported decent-sized offers at 1.6520-30, the pound weakened to 1.6476 b4 edging higher.
Greetings. Let’s pull up the USD/CHF hourly chart. We’re in a downward channel and it looks like there is still quite a bit more room for downward movement with this currency pair.
AUD/JPY Time: 00.30 Rate: 87.95 Strategy: Long/short Daily time frame
The USD/CHF market fell today, breaking to all-time lows as it broke below the 0.88 mark, an area that was once almost impenetrable – at least last week. The pair looks weak, and selling is the only...
The EUR/USD Rose today, firmly suggesting that the 1.45 area is going to be supportive. Because of this, buying is still the only way to go in this pair as we are making new highs again. Selling...
The USD/JPY is currently testing the 80-81.50 area, which has been support several times over the last year or so. This pair was directly intervened by 6 central banks recently, so selling is very risky. If we...
The market returned to its ‘new normal’ on Tuesday as volatility swept into the benchmark currencies again as full volume returned. The AUD finds itself at new highs as the price of Gold continues to trade near...
The euro witnessed a sharp surge in yesterday’s trading as investors became uncertain about the monetary policy statements expected by the Fed later today. The statements to be released have caused a stir among market analysts as...
The U.S Dollar continues to weaken on the event of record rise in the Dow Jones Industrials (DJIA). Breach of 74.00 ranges in Dollar Index (DXM11) resulted in further weakening of the Greenback; only consistent daily close...
