The Dollar Index (DXM11) taking resistance at 76.50 ranges is lower at 75.20 ranges; weekly close below 75.00 ranges would result in continuation of the long-term dollar weakness.Benchmark equity index of the Dow Jones Industrials (DJIA) recovered...
Euro showed continuous growth, while greenback dropped.
The stock market closed higher Thursday as technology and consumer discretionary stocks countered the weight of weaker-than-forecast jobless claims and first-quarter economic growth. The Dow Jones Industrial Average finished up 8.10 points to close at 12,402.76. The...
Eur/usd – 1.4246 … The single currency jumped to 1.4278 in Tokyo lunch session (liquidity was poor as mentioned earlier) due to active short-covering after triggering stops at 1.4210 n 1.4250 on speculation that U.S. economic growth...
Skeptics were given GDP data from the U.S. on Thursday that confirmed that the American economy is not doing as well as official estimates have pronounced. The Prelim GDP yesterday came in with a result of 1.8%...
The Swiss franc and the Japanese yen were the strongest performers yesterday as the Greek debt crisis continues to weigh on the euro. Weak US data has pushed market players into alternative safe-haven currencies rather than the...
Market Review – 26/05/2011 21:16 GMT Euro ends higher against the greenback after intra-day volatile movements The single currency traded in a volatile manner on Thursday, having staged initial rally from Asian morning low of 1.4068 to...
05/26/2011 14:02 UTC EUR swings lower as it weakens against the GBP, JPY, CHF, NZD and AUD. Recent mid-term strength indicator reading for EUR is 1 out of 8, thus suggesting that the current swing may be...
05/26/2011 12:46 UTC JPY swings higher as it strengthens against the USD, EUR, GBP, AUD and CAD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis May 26, 2011 EUR-USD As I mentioned here yesterday, a correction in the US stock markets can weaken the US dollar, and so it happened. The reversal pattern in the daily is getting support...
