The euro came off its recent highs following dovish ECB comments and strong employment data from the US. If yesterday’s economic data is any hint of today’s payroll numbers, the dollar rally may prove to have legs.
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
Greetings. It’s already our 2nd NFP for 2011 and time is just flying by. As always, here are the numbers for the Non-Farm Payroll announcements for the GBP/USD.
Support levels: 0.9820, 0.9711, 0.9650Resistance levels: 1.0057, 1.0050, 1.0212
Sterling demonstrates strong growth. Asian and European trading sessions:
Yesterday’s flare-up in Egypt between forces supporting president Mubarak and those calling for his ouster has apparently added to a rising atmosphere of uncertainty in the region which has pulled some investors away from their recent risk-taking.
Dollar, after hitting a new low of 1.3861 since November 09, 2010, found support and managed to post positive close marginally against euro at 1.3815 yesterday against previous close of 1.3828. Tracking dollar, Dow Jones Industrial Average...
Greetings. As we near the upcoming NFP announcement, let’s take a look at the GBP/JPY hourly chart. We’ve been in a steady uptrend in the GBP/JPY since the beginning of the year and it seems like we’ve...
Increased demand for the high-risk assets pressures the greenback. Asian and European trading sessions:
Dollar extended its loss against euro and settled at 1.3828 yesterday after making days low of 1.3843. US stocks and Dow Jones advanced yesterday after ISM manufacturing Index beat estimate. Dow Jones Industrial Average made new high...
