EUR/USD fell slightly during the Thursday session, but just barely. The pair continues to hover between the 1.35 and 1.3250 levels, and the session on Thursday was a perfect example of indecision as it formed a doji....
The Dollar Index has found support at 78.10 ranges to currently trade at 78.90 ranges; the short term trend is sideways between 79.80 and 78.40. The benchmark equity index of the Dow Jones Industrials is currently trading...
Technical analysis for 1/03
The EUR/USD pair essentially fell off of a cliff on Wednesday as the Federal Reserve Chairman rocked the markets by not suggesting any form of quantitative easing during his congressional question and answer session.
The European Central Bank allocated 500 billion euro for the European banks. Asian and European trading sessions:
EUR/USD rose during the session on Tuesday as the market continues to go between risk on and risk off. The LTRO results come out today, and the market expects to learn that the EU banks borrowed €500...
With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above...
Market review for 20 – 24.02, 2012
US Dollar depreciated against the common currency and the Cable while appreciating against the Japanese Yen and trading flat against the Swiss Franc; the Japanese Yen is exhibiting contrary trend to other FX majors wherein it has...
EURUSD breaks above 1.3320, suggesting that the uptrend from 1.2624 has resumed. Further rise could be expected over the next several days, and next target would be at 1.3700 area. Support is now at upward trend line...
