The German judges yesterday approved German participation in the ESM bailout fund, providing the Germans are responsible for no more than €190B. A number larger than the €190B would need to be approved by the Bundestag.
The EUR/USD pair rose again during the Wednesday session as the world awaits the Federal Reserve decision. This decision comes out later today, and it could provide more fuel for this rally. The 1.28 handle now looks...
The US Dollar slipped across the board though with lesser momentum; with all eyes on the Fed policy today, the most of the major pairs are trading flat. Further direction may be established during American session.
The EUR/USD pair rose during the session on Tuesday as the Euro did well overall. We have broken through the last vestiges of support at 1.28, and see a wide open market all the way to the...
The US Dollar continues to slip across the board; after the Dollar Index closed below 81.00 ranges it continued to slide to currently trade at 79.80 ranges; 78.20-78.90 is now the watch out support.
Eurodollar is still in a short-term up-trend and it will probably continue higher, with trend-line resistance at 1.2900 possibly providing an upside target. Nevertheless, watch-out for resistance from the 50-day moving average at 1.2835 which could also...
The EUR/USD pair fell during the Monday session, as the 61.8% Fibonacci retracement level offered resistance. This happened to be just at the 1.28 handle, so the two combined were probably a bit strong for the buyers...
The Dollar Index at the historic support of 80.00, though 81.20-82.00 would act as major resistance. The benchmark equity index of the Dow Industrials (.DJIA) is currently trading firm at 13200 ranges after hitting intermediate resistance of...
Eurodollar has stalled a little this morning. The current level lies close to the monthly pivot, which could mean we are at a reversal point and the exchange rate could roll over here. A break back down...
The Dollar Index has closed below the critical support of 81.00 to currently trade at 80.30 on the event of the ECB decision to go unlimited bond buying to tackle the Euro zone debt crisis. Weaker the...
