Unfavorable market conditions may delay the bond issue. Asian and European trading sessions: Euro: During the Asian and European trading sessions, the euro showed correction after yesterday’s decline against the US dollar, setting his daily high at...
The EUR/USD managed a decent rally for most of the session, but pulled back later in the day. The massive fall over the past several sessions begged for a bounce, and it got it. However, with all...
Correction in the benchmark equity index of the Dow Jones Industrials propels the Greenback. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 rangesThe benchmark equity index of the...
Concerns over the interest rate reduction pressures the euro. Asian and European trading sessions: Euro: Speculations regarding the slow-down of the European growth and concerns that the ECB would reduce the interest rate during the next meeting...
The EUR/USD pair fell hard again during the Tuesday session as contagion fear continues to grip the markets when it comes to dealing with the Euro. The Greek Prime Minister also has mentioned that there is going...
The Dollar Index continued to appreciate on the event of profit taking in most of the asset classes. DXZ11 has appreciated to hit day’s high of 77.67 ranges during yesterday’s New York trading session to currently trade...
European unemployment reduces the euro rate. Asian and European trading sessions: Euro: Euro dropped against the main currencies after the release of the unemployment in Italy and in the EC in a whole. Employment volume turned out...
The EUR/USD pair absolutely fell apart during the Monday session as traders continue to scrutinize the EU bailout plans. The market sliced right through the potentially supportive 1.39 – 1.40 level, and this is a very bearish...
Reinforced optimism of the market participants enabled the euro to strengthen against the US dollar last week.
The US Dollar Index is entering historic congestion zone of 74.50-73.40 ranges; short covering may be witnessed in the USD against most of the FX majors. Only on consistent close below 73.00, would reinitiate long-term USD bearishness.The...
