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...
USDCAD broke below 0.9930 long term key support. Further decline is expected in a couple of weeks and target would be at 0.9500 area. Resistance is at 1.0055, as long as this level holds, downtrend could be...
USDCHF broke below 0.9463 previous low, suggesting that the downtrend from 1.1730 has resumed. Deeper decline is still possible next week and next target would be at 0.9000 zone. Resistance is at 0.9650, as long as this...
USDJPY’s fall from 84.50 extended to as low as 80.93 level. Deeper decline to test 80.30 previous low support is possible next week, a breakdown below this level will indicate that the downtrend from 94.98 (May 5,...
AUDUSD broke above 1.0182 previous high and reached as high as 1.0255 level. Further rise is still possible next week and next target would be at 1.0500 area. Support is at 1.0100 followed by 0.9980, only break...
Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...
EURUSD moved sideways in a range between 1.2969 and 1.3497. The price action in the trading range is treated as consolidation of downtrend from 1.4281, as long as 1.3497 resistance holds, another fall towards 1.2500 is still...
