The Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act medium-term resistance.The benchmark equity...
Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....
The EUR/USD pair fell on Monday, only to bounce later in the US session. Even with a failed EFSF bond auction, the Americans continue to buy the Euro. The pattern is becoming obvious: Europeans sell, Asians sell,...
With most of the asset classes especially the benchmark equity index of the Dow Jones traded sideways, resulting in the Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen...
Market review for 30.10 – 4.11, 2011 Last week demonstrated a rather diverse trading dynamics of the major currencies. On Monday the euro droppedagainst the main currencies after the release of the unemployment in Italy and in...
The Dollar Index is trading sideways between 77.30 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act as formidable resistance.
After a nice rally from the 1,31 level, the major has found some strong resistance by the 1,42 handle where it stalled out.
EUR/USD fell during the Friday session, but closed the day on a positive note as traders covered shorts in this pair. The Greeks are voting on the confidence in their Prime Minister, and now the Italians are...
EURUSD had formed a cycle top at 1.4246 on daily chart, and the pair is now in downtrend. Resistance is at 1.4000, as long as this level holds, deeper decline could be seen after a minor consolidation,...
Even with an interest rate cut, the EUR/USD managed to rise at the end of the session. With the Greeks and their teenage-like drama unfolding, the markets are being held hostage by a completely dysfunctional government at...
