Traders this week are bouncing back and forth between an interest rate differential approach, which favors the EUR, and a debt concern approach which favors the USD. Both carry an ominous overtone for the global economy. Whichever...
06/12/2011 21:22 UTC NZD swings lower as it weakens against the USD, JPY, EUR, CHF and CAD. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing may be...
Please find hereafter our daily update on the majors as of June 11th 2011. (Click on the dedicated link to access our forum post with the chart).
06/10/2011 17:44 UTC CHF swings higher as it strengthens against the AUD, CAD, EUR, GBP and NZD. Recent mid-term strength indicator reading for CHF is 7 out of 8, thus suggesting that the current swing may be...
06/10/2011 14:26 UTC USD swings higher as it strengthens against the EUR, GBP, CAD, AUD and NZD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
06/10/2011 13:54 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CAD and CHF. Recent mid-term strength indicator reading for AUD is 1 out of 8, thus suggesting that the current swing may be...
Asian and European trading sessions:
The Dollar Index (DXM11) has taken critical support from 73.40 ranges and can trade sideways facing resistance at 74.80-74.90 ranges. For key equity index – Dow Jones Industrials (DJIA), 11600-11700 ranges is expected to act as final...
06/10/2011 07:17 UTC JPY swings higher as it strengthens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...
American shares on Thursday rebounded from Wall Street’s longest losing stretch this year, after a narrowing of the U.S. trade gap offered hope the recovery might not be as weak as thought. The government also reported a...
