Market Review – 28/02/2011 19:49 GMT Euro n cable rise on speculation Fed’s Bernanke continues stimulative policy The euro rose on Monday on speculation the Federal Reserve Chairman Ben Bernanke would iterate his supportive stance on the...
Market review for 21 – 25. 02, 2011
Update Time: 28 Feb 2011 08:00GMT INTRA-DAY GBP/USD OUTLOOK – +1.6095+ Although cable’s strg rebound fm 1.6072 (Asia) nsubsequent brief break of 1.6030 (AUS) res suggestslast week’s decline has made a temp. low at 1.6030in NY, present...
Global equity markets rallied on Friday, as oil prices stabilized. Traders should not mistakenly think that the Libya situation is behind us. Libya shows no signs of quieting down, and it is likely that we will see...
Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While...
EURUSD may find stiff resistance at 1.3955 ranges. Common Currency fell after taking resistance near high of 1.3861 made on February 02, 2011 and settled lower at 1.3751, halting two days rally. EURUSD is showing bit of...
Market Review – 27/02/2011 23:27 GMT Euro retreats fm 3-week high on long liquidations ahead of weekend The euro initially extended recent ascent to a fresh 3-week high of 1.3839 in Asian morning after continued hawkish rhetoric...
The yen was about 0.4% from its strongest level in three weeks against the dollar and the Swiss franc climbed to a record as an uprising in Libya sent oil prices to a 29-month high, boosting demand...
Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation...
Greetings. Let’s pull up the USD/CAD hourly chart. As you can see, we’re in a downward channel. We are at one of the last support lines and if we can break through and break away, then look...
