USD Index chart USDX situation remained actually unchanged in comparison with previous week’s one. It consolidated in a price range between 80.31 and 80.82, forming rectangular price pattern. As rectangular is a trend continuation pattern we are...
On a 4-hour graph the GBP/USD has bounced off of 1.5355. Nevertheless, the viewpoint on this pair is still bearish as the downtrend still remains. Earlier the pair dropped sharply after it failed to break out the...
Crude futures hit a two-year high Thursday, reaching above $91 a barrel as several economic data releases from the U.S offered a brighter economic outlook for the world’s largest oil consumer.
Market Review – 23/12/2010 21:27 GMT Euro rebounds vs dollar on short-covering The single currency ratcheted higher from Wednesday’s NY low of 1.3078 to 1.3152 on short-covering but euro retreated sharply and fell to 1.3055.
USD/CHF: Generally speaking the pair is moving aside. During the 22-12-2010 session, an important support at 0.9550 …USD/CAD: As for USD/CHF, the pair here is moving aside as well. About a week ago, the pair started an...
GBPUSD is currently in a rather short-term upward correction moving in a range of yesterday’s low the level of 1.5359 to Fibonacci retracement the level of 1.5438.
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...
A decline in US oil stockpiles by 5.3M barrels led to a steady rise in Crude Oil prices yesterday. As of this morning, the price for a barrel of crude was trading at $90.65. Analysts have forecast...
Market Review – 22/12/2010 21:21 GMT Euro falls to record low against Swiss franc on European debt worries Euro initially rose to 1.3183 in European morning on Wednesday after Reuters quoted the Jornal de Negocios daily newspaper...
Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....
