With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
The jobless numbers will be released from the U.S. today and because of this the broad markets can be expected to practice caution before the figures are known. The EUR continued to hammer away at the USD...
Short covering was witnessed in the Dollar Index (DXM11) on the event of the key equity index of Dow Jones Industrials (DJIA) continuing the fall of Wednesday, June 01, 2011. Critical support for the Dollar Index is...
Market Review – 02/06/2011 21:20 GMT Euro touches one-month high on Moody’s warning on U.S. The single currency rallied in New York session on Thursday as Credit rating agency Moody’s said ‘if no progress on increasing the...
06/03/2011 00:37 UTC AUD swings higher as it strengthens against the USD, JPY, CAD, CHF and GBP. Recent mid-term strength indicator reading for AUD is 4 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis June 02, 2011 USD/JPY has broken the channel and now is facing down The break-down of the channel in the daily can be announced as successful. The Yen retested the lower boundary on Tuesday...
U.S. stocks dropped on Wednesday, as Wall Street scaled back its economic growth outlook following another round of dour data. The Dow Jones Industrial Average fell 279.65 points to 12,290.14. The Standard & Poor’s 500 Index declined...
Weaker than expected employment numbers resulted in deep correction in the equity bourses, especially the Dow Jones Industrials (DJIA) resulting in short covering in the Dollar Index (DXM11).
The EUR/USD fell from its three-week high yesterday, sinking downwards of 1.4340 before flattening out in today’s morning session. A technical barrier that was triggered near 1.4450 ended up pushing the pair lower yesterday and a downgrade...
Market Review – 01/06/2011 21:24 GMT Euro falls sharply after Moody’s downgrade on Greece and a 2.2% drop in the Dow The single currency fell from four-week high of 1.4459 and tumbled to as low as 1.4321...
