Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed...
Market review for 21 – 25.03.2011
U.S Dollar strengthened smartly after finding support at 75.50 (Dollar Index-DX) during the last week. The Japanese Yen stabilized against the Greenback and the Common Currency during last week, resulting in the USD appreciating across the board...
Euro rehabilitates.
The Final GDP number will come from the States today, but it is nearly certain that this will not be the main mover of the broad markets on Friday. Investor sentiment finds itself tangled in a whirlwind...
A consensus seems to be forming that risk aversion is returning to the market. Despite the sporadic release of positive data in various parts of the world, the overall trend appears to indicate a slow-down in recovery...
U.S Dollar traded mixed against the major pairs, appreciating against the Cable, where as depreciated by more than 50pips against the Common Currency; and traded stable against the Japanese Yen. Japanese Yen is showing signs of consolidation...
Instability in Portugal and possible deepening of the crises.
EUR-USD It can be seen that the price moves in the upside parallel channel (discontinuous red), and stops in this area. We believe that the resistance level 1.43 nearly along with the upper side of the channel...
While the Japanese crisis remains important and the Libyan situation continues to develop, it is news from Europe that irked investors on Wednesday. After saying that the emergency fund had been agreed on for its nations that...
