EURUSD fared some of the losses after falling to day’s low of 1.3508 and closed marginally on a positive note yesterday at 1.3593 against previous close of 1.3583. Dow Jones continued the rally for 6th consecutive day...
Market review for 31.01 – 04.02, 2011
Dollar continued to rally for the second straight day on Friday 04th Feb, against every major pair after unexpected sharp decline in unemployment rate in US to 9.0 percent for January 2011 against median expectation of 9.5...
EURUSD may be forming a cycle top at 1.3861 level on daily chart. Pullback to 1.3100-1.3200 area would likely be seen in a couple of weeks. However, the fall from 1.3861 is treated as correction of uptrend...
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
Sterling demonstrates strong growth. Asian and European trading sessions:
Increased demand for the high-risk assets pressures the greenback. Asian and European trading sessions:
Dollar extended its loss against euro and settled at 1.3828 yesterday after making days low of 1.3843. US stocks and Dow Jones advanced yesterday after ISM manufacturing Index beat estimate. Dow Jones Industrial Average made new high...
Instability in Egypt influences the market. Asian and European trading sessions:
EURUSD remains in uptrend from 1.2874 and the rise extended to as high as 1.3757 level. Further rise towards 1.4281 previous high is still possible next week. Support is at 1.3450, only break below this level could...
