Bank of England minutes bring pound to maximums. Asian and European trading session: Euro: 2-year maximums of the oil prices level supported the growing euro rate, since the possibility that the ECB would reinforce its monetary policies...
Greetings. Let’s pull up the USD/JPY hourly chart. Look for a potential continuation of the recent downward movement as we continue in this sideways channel. We have already passed the 61.8% Fibonacci retracement levels, however, also watch...
The broad marketplace continued to trade under the clouds from the possibility of an ‘oil shock’ as political tensions continue to mire North Africa. Global investors have watched as international bourses have largely lost value. The USD...
EURUSD continued its previous day rally yesterday to settle with positive note at 1.3758, well above high of 09th February 2011. 1.3865 is now immediate resistance for common currency above which possibilities of testing 1.4282, high made...
The US dollar slid against the euro following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue...
Market Review – 23/02/2011 20:08 GMT Euro strengthens to a 3-week high on ECB rate hike outlook Euro rose to a 3-week high on Wednesday on speculation that ECB may hike interest rates earlier than the Fed...
Demand for the save-heaven assets is growing.
Following yesterday’s devastating earthquake in New Zealand, the NZD/USD dropped close to 200 pips, reaching as low as 0.7430 before staging a slight correction in the Asian session. The pair is currently trading just above the 0.7500...
Greetings. Let’s take a look at the EUR/USD hourly chart. There are still a lot of strong resistance levels we’re watching for before we see bigger potential move up. We’re still watching the pair closely and looking...
Common currency settled marginally lower at 1.3672 and showed sharp recovery from day’s low of 1.3525. Till it trades above 1.3428, we don’t see any major correction in EURUSD, 1.3744, high of 09th February 2011, is immediate...
