Main currency pair is currently leveling downward correction that began on Friday. Strong resistance that may hinder or even stop further Euro appreciation is green trend line (chart below). In scenario of breaching mentioned trend line, target...
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 – 03/01/2011 22:07 GMT The greenback rises versus yen due to robust US economic data and strength in stocks The greenback initially extended last week’s selloff to 80.93 against the Japanese yen in Asian morning...
The US dollar has made gains against most of its main currency rivals as we start off the first trading week of 2011. Since markets opened, the EUR/USD pair is down 90 pips and is currently trading...
The euro strengthened yesterday against most of the major currencies after reports showed better-than-expected figures for the U.S. economy. In a speech yesterday, German Chancellor Angela Merkel called to strengthen the euro, stating that the euro is...
Market Review – 30/12/2010 21:40 GMT Dollar rebounds from 7-week low against yen on upbeat US economic data The dollar recovered from a fresh 7-week low against the Japanese yen on Thursday as U.S. initial jobless claims...
Today we will got acquainted with two last in this week data releases coming from USA. Namely Initial Claims and Pending Home Sales. Data stating current condition of labor market is expected to improve this week and...
The USD/JPY has fallen for the past 6 consecutive trading days as Japanese exporters buy the yen. This one-sided trade and the sharp losses in the pair may force the Japanese Ministry of Finance to intervene in...
Market Review – 29/12/2010 21:37 GMT Dollar falls as strong Treasury demand hits bond yields The dollar fell to a 7-week low against the Japanese yen after the auction of 7-year Treasury notes was met with strong...
Overview:Euro has been demonstrating uncertain holiday movement, thus it is recommended to refrain from trading. The sell signal has been cancelled, instead a new buy signal with target level 1.3397 has been formed. The formed signal already...
