U.S. stocks rallied Tuesday, lifting the three benchmark indexes to 2011 highs. Revenues and earnings for nonfinancial companies have reached record levels, helped by international exposure for many S&P 500 reporting companies. Rebounding from Monday’s losses, the...
The EUR/USD Rose today, firmly suggesting that the 1.45 area is going to be supportive. Because of this, buying is still the only way to go in this pair as we are making new highs again. Selling...
The U.S Dollar continues to weaken on the event of record rise in the Dow Jones Industrials (DJIA). Breach of 74.00 ranges in Dollar Index (DXM11) resulted in further weakening of the Greenback; only consistent daily close...
Wall Street closed lower for the first session in four on Monday. NYSE composite volume of 2.97 billion amounted to the lowest volume day of the year. The fragility among global issues and concerns over the falling...
The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...
Market review for 18 – 22. 04, 2011
The U.S Dollar continued depreciating after breaking critical support of 74.825. Bear trend seems to sustain till the daily close is not beyond 75.20. Only daily close above 75.60 would post short-term bottom.The Dow Jones Industrials (DJIA)...
EUR/USD broke above 1.45 this week and shows that the EUR/USD trend is serious. The market looks to run to 1.50, and one would have to believe that this market will find it fairly soon. The selling...
After a minor consolidation, EURUSD continued its bullish movement, and the rise from 1.2874 extended to as high as 1.4648. Support is at the rising trend line on daily chart, as long as the trend line support...
Yesterday US stocks rallied once again, although unemployment claims were higher than expected, reaching 403K with a forecast of 394K. The Dow rose 52.45 points, to 12505.99, the Nasdaq Composite gained 17.65, to 2,820.16,and the Standard &...
