Market Review – 21/02/2011 16:01 GMT Dollar n yen strengthen on the escalation of geopolitical tensions in the Middle East and Libya The dollar n the Japanese yen strengthened on Monday as violence in Libya n the...
Market review for 14 – 18. 02, 2011 Previous trading week started with a US dollar competitors’ weakness.
Last week, one of the most notable trends in the market was the bullish euro. By Friday, the euro was once again boosted on speculation that the ECB will hike interest rates in February. Today, several economic...
EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to...
Market Review – 18/02/2011 20:16 GMT Euro rallies as ECB official Lorenzo Bini Smaghi signals ECB may hike rates due to inflation pressures Euro rallied broadly on Friday after Lorenzo Bini Smaghi, an European Central Bank Executive...
4XP rises above the competition to be chosen Best Trading Platform 2011 by World Finance Magazine. This seal of approval from an esteemed and established financial institution, was earned by 4XP due to its ongoing efforts to...
Just over 10 years ago, few investors were even aware of the forex market due to the fact that the only players allowed were large hedge funds, banks, and very wealthy investors. At that time, the minimum...
USDCAD broke below 0.9831 previous low and reached as low as 0.9815 level. Deeper decline could be expected next week and next target would be at 0.9700 area. Resistance is at 0.9905, as long as this level...
USDCHF’s rebound from 0.9328 extended to 0.9774 only, and failed to break above 0.9783 resistance. Deeper decline to re-test 0.9300 key support could be expected next week, a breakdown below this level will indicate that the long...
Being contained by 84.50 resistance, USDJPY pulled back from 83.96, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 82.00 area. Initial...
