Continued weakness in the equities world over led to safe haven bet on the USD which resulted in the Dollar Index appreciating beyond 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20...
Market review for 26 – 30. 09, 2011 Europe and its debt problems were keeping everyone under pressure last trading week. The
Weaker asset classes has lead to run on USD which resulted in the Dollar Index appreciating to 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of...
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
EUR/USD fell hard on Friday as the markets continue to punish the EU for not getting a solution to the debt crisis finalized quickly enough. The 1.3350 area below is the last stand for the EUR/USD uptrend,...
EURUSD remains in downtrend from 1.4548. Further decline is still possible next week, and next target would be at 1.3000 area. Resistance levels are at 1.3690 and 1.3936, as long as these levels hold, downtrend could be...
On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
The EUR/USD pair rose on Wednesday, but fell later in the day as traders sold off risk. The Euro still have massive uncertainty surrounding its prospects, so buying it doesn’t appeal to many.
Concerns over the situation in Europe are growing.
The Dollar Index is finding stiff resistance in the ranges of 78.85-79.00 ranges due to bargain buying in most of the asset classes especially the equities though the major trend is still bearish. As long as 79.50...
