The US Dollar traded mixed wherein mild correction was seen in the Euro and the Aussie Dollar; though it has traded strong against the Cable, the gains faded by the end of New York close; where as...
The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support,...
The Euro continues to consolidate ahead of the ECB rate interest tomorrow. We have seen fresh downside pressure yesterday after Moody’s came out slashing Portugal’s rating on risks that the country may need additional aid.
Comments of the S&P agency regarding the Greek default pressured the euro.
Wall Street was closed today for Fourth-of- July Holiday and our attention remain focused on Europe. Just as quickly as EU officials thought they were out in the clear of the Greek debt crisis, the rating agencies...
The Dollar Index (DXU11) traded flat also trading was sluggish yesterday evening on the event of U.S Independence Day.
EUR/USD fell on Monday, but bounced from the 1.45 level to form a continuation hammer. This shows that the market is quite comfortable owning this pair at 1.45, and if that is true – higher prices are...
After a 5-days rally, the EUR/USD seems to have found some resistance ahead of 1,4570 validating a descending trendline started in the beginning of May.
Market review for 27.06 – 01.07, 2011 Previous trading week saw strengthening of the euro and other high-risk currencies. Monday,
The Dollar Index (DXU11) traded mixed wherein the USD has depreciated against most of the FX majors where as the USD has traded flat against the Japanese Yen and depreciated against the Swiss Franc.Key equity index, Dow...
