Market Review – 15/07/2011 21:34 GMT Euro little changed against dollar despite better-than-expected stress-test results The single currency hovered around 1.4157 against dollar near New York close after a choppy session on Friday. Although the European Banking...
The pair is now back under pressure after a new fail at the top of its range (1,08). Considering the latest price actions, we now expect a new test of 1,05 with a possible extension towards 1,0450...
After a new fail to establish above 0,97 and despite an attempt to hold above 0,9550 last week, the pair remains in intense bearish pressure.
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
The picture on the Pound is slightly different from the Euro. After a bounce on its lower bollinger band, the GBP/USD has made an impressive rally (in one day precisely) to reach the 1,62 level.
After a significant breakout of a daily triangle, the pair has found some great support on top of the 1,39 level coinciding with the 200 moving average. We have then seen a pullback towards the former triangle...
Since the beginning of May, the US Dollar Index is consolidating in a wedge figure and we might see the market going upside and down over the coming days as the overall outlook remains unclear.
07/15/2011 18:50 UTC CHF swings higher as it strengthens against the USD, JPY, AUD, EUR and GBP. Recent mid-term strength indicator reading for CHF is 8 out of 8, thus suggesting that the current swing may be...
With a moderately heavy US news day expected Friday, dollar traders should be anticipating some exciting currency movements brought about by heightened liquidity. Beginning at 13:30 GMT, the US will be releasing its nominal and core CPI...
