The US Dollar resumes down trend as after testing intermediate resistance of 80.00 ranges resulting in most of the asset classes, especially the equities appreciating. The Greenback has lost most against the Cable continued by the Aussie.
Market review for 26.09.12: The safe haven assets, the Dollar and the Yen strengthened today. Asian and European trading sessions:
The Dollar Index continued to gain on the event of most of the asset classes correcting, especially the equities; today’s Asian trade has seen stability in the equities resulting in the Dollar Index trading marginally lower at...
The AUD/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer at the end of the day. This does suggest that perhaps the 1.03 level will act as support...
Amidst most of the asset classes especially the equities correcting the Dollar Index appreciated to currently trade at 79.84. Further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
AUD/ USD initially tried to rally during the session on Tuesday, but was cut short and reversal and the 1.0470 level. The resulting candle was a shooting star, and it did break the bottom of the hammer...
Market review for 24.09.12: There were disagreements between European leaders.
The AUD/USD pair fell during the Monday session as the “risk off” attitude of traders affected commodity prices. However, the 1.04 level offered support again in this pair, and it does suggest that perhaps there is quite...
Non eventful day contributed to dull trading in most of the FX Pairs. The Dollar Index is trading flat at 79.55 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the...
Market review for 17 – 21.09.2012
