Market review for 21 – 25.11, 2011
EUR/USD fell hard during the Friday session as the onslaught continued. The Euro simply has major issues now, with many starting to question its very existence in a few years.
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
EURUSD is facing 1.3146 support, as long as this level holds, we’d expect uptrend to resume, and one more rise towards 1.5000 is still possible. On the other side, a breakdown below 1.3146 key support will indicate...
Fears of the world economy sliding down into a recession supported the dollar.
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
The EUR/USD pair fell during the session on Monday again, only to bounce again. The 1.35 area seems to be attracting massive buying and the pair simply will not stay under the 1.35 level for long. Because...
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...