Greenback was supported as unwillingness to take risks grew. Asian and European trading sessions: Euro: Concerns regarding the situation of the European peripheral countries and their weakened ability to raise financing continued to pressure the euro in...
The U.S. dollar fell slightly against most of its major currency counterparts on Monday as the euro recovered from its losing streak, signaling a rise in risk appetite. The euro rallied to above 1.2950 against the dollar...
Hello everyone. We hope everyone had a great holidays and new year. It’s hard to imagine here we are in a new year and it seems like only a little while ago we were writing our first...
Market Review – 10/01/2011 21:47 GMT Euro recovers from 4-month low on short-covering The single currency extended last week’s selloff to a fresh four-month low at 1.2860 (NZ) on Monday due to lingering eurozone sovereign debt crisis...
The dollar continued its rally against the euro on Friday, despite the weaker-than-expected increase in hiring in December, reflected in the Non-Farm Payrolls data. The dollar strengthened as the U.S. Unemployment Rate has dropped to 9.4%, its...
Market Review – 07/01/2011 18:57 GMT Euro tumbles to 4-month low despite weaker-than-expected U.S. payrolls report The single currency fell broadly on Friday as renewed euro zone sovereign risk pressured the euro. Although eur/usd managed to stage...
USDCAD remains in downtrend. Deeper decline is still possible next week and next target would be at 0.9800 area. Resistance is at 1.0035, as long as this level holds, downtrend could be expected to continue. However, a...
USDCHF bounced strongly from 0.9300, suggesting lengthier consolidation of downtrend from 1.1730 is underway. Further rally is expected in next several weeks and target would be at 1.0000 area. Support is at 0.9300, only break below this...
USDJPY bounced strongly from 80.93, suggesting that a cycle bottom had been formed on daily chart. Lengthier consolidation of downtrend from 94.98 would likely be seen and further rise towards 84.50 resistance is expected next week, above...
AUDUSD remains in uptrend from 0.8066, the price action from 1.0182 is treated as consolidation of uptrend. Lengthier consolidation is expected in a couple of weeks and pullback to 0.9600 area to complete the consolidation would likely...
