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EURUSD is at interesting point. We have daily trendline at 1.4787, price tested this line early today and bounced off. It is critical for price to break this trendline if it wants to move any lower. If...
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
Market review for 25 – 29. 04, 2011
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
EURUSD stays above a trend line from 1.3428 to 1.4157, and remains in uptrend. Further rise is still possible next week, and next target would be at 1.5000 area. Support is at 1.4650, followed by the trend...
S&P Credit agency reduced the credit rating of Japan to negative level.
The markets charge on as there is no change in the Fed’s policy. Investors rushed into stocks Wednesday, sending the Nasdaq Composite Index to its highest since 2000, after the Federal Reserve reiterated its vow to stimulate...
The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the...
With no Interest Rate by the Fed hike yesterday, the U.S Dollar tumbles to make a new low. The Greenback continued to loose against all the major pair except against the Japanese Yen. Breach of 74.00 ranges...
