The AUD/USD pair rose again on Thursday, showing that the break of the descending triangle is confirmed. However, there is the resistance area around 1.0750 as the recent highs. The breaking of that area is massively bullish,...
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
Greek parliament approves of the austerity measures.
Yesterday we said that we need to see the AUD/USD break above the red trend line – a line that formed the descending triangle in order to buy this pair. That is exactly what is has done...
The Dollar Index (DXU11) depreciates for the straight third trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
The Dollar Index (DXU11) depreciates for the straight second trading session on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). Most of the depreciation was contributed by the Euro,...
Expectations for the Greek parliament decision.
Stocks rallied today on positive news behind Greek’s debt restructuring, with a proposed plan where the banks would roll over half of the money received from Greek debt to new 30yr bonds. Ultimately, we are stuck in...
The Dollar Index (DXU11) depreciates after appreciating four consecutive sessions on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). Most of the depreciation was contributed by the Euro, other...
As a result of the previous trading week, US dollar demonstrated a winning position. Nevertheless, a first few days were negative for the greenback.
