EUR/USD fell on Monday as traders continue to sell off the Euro in general. The EU has massive and well-known debt issues, and the Italian bond auction for the 5 year note went poorly for the session....
Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
The Dollar Index again corrects from 78.00 ranges, resulting in appreciation of most of the asset classes especially the key equity index of the Dow Industrials (DJIA). Medium-term trend is range between 77.80 and 76.40. Immediate resistance...
EUR/USD rose on Friday as the EU begins to take serious steps in resolving their debt crisis. The Greeks swore in a new Prime Minister, and the Italians passing new budget reforms. The pair rose rapidly during...
EURUSD’s downward movement from 1.4246 extended to as low as 1.3484, the subsequent bounce suggested that a cycle bottom was being formed on daily chart. Further rise could be expected in a couple of weeks, and target...
EUR/USD rose during the session on Thursday as traders did some profit taking after a large move to the downside. The 1.36-1.34 area looks very supportive, and a bounce from here wasn’t too far out of the...
Against the background of the worsening situation in Italy, the euro lost about 310
The EUR/USD pair absolutely fell apart on Wednesday as the Italian 10 year bonds broke above the 7% mark for the first time since adopting the Euro. The pair was relentless in its selling, and it now...
Market participants are looking forward for the voting results in the Italian Parliament.
The EUR/USD pair rose on hopes the EU is getting closer to a solution as the Italian PM has promised to resign. However, at the same time Italian bonds are spiking to the highest levels since joining...
