Reaction to the Ben Bernanke speech. Asian and European trading sessions:
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
EURUSD managed to post second consecutive positive close at 1.3625 against previous close of 1.3593 – just trying to set in bullish momentum once the daily closing happens beyond 1.3700 ranges. In case of EURUSD, till it trades above...
Concerns over the instability in Egypt. Asian and European trading sessions:
EURUSD fared some of the losses after falling to day’s low of 1.3508 and closed marginally on a positive note yesterday at 1.3593 against previous close of 1.3583. Dow Jones continued the rally for 6th consecutive day...
Market review for 31.01 – 04.02, 2011
Dollar continued to rally for the second straight day on Friday 04th Feb, against every major pair after unexpected sharp decline in unemployment rate in US to 9.0 percent for January 2011 against median expectation of 9.5...
AUDUSD is facing 1.0255 resistance, a break above this level will indicate that the uptrend from 0.8066 has resumed, then further rise could be seen to 1.0400 area. Support is at 1.0050, below this level will suggest...
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
Sterling demonstrates strong growth. Asian and European trading sessions: