Market review for 7 – 11. 02, 2011
Dollar rallied against almost all major pairs on Friday. USDCHF and USDJPY remained firm during whole of last week to finally close positive st 0.9736 and 83.43 respectively. We are expecting USDCHF and USDJPY to rally further...
EURUSD had formed a cycle top at 1.3861 level on daily chart. Pullback to 1.3100-1.3200 area to reach next cycle bottom would likely be seen. Resistance is at 1.3750, only break above this level could trigger another...
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...
Reaction to the Ben Bernanke speech. Asian and European trading sessions:
After breaking the immediate hurdle of 1.3700, Euro posed third straight positive close at 1.3718, though 1.3725 may act as major resistance. AUDUSD settled negative yesterday at 1.0106 – likely to continue price loss in near term...
EURUSD managed to post second consecutive positive close at 1.3625 against previous close of 1.3593 – just trying to set in bullish momentum once the daily closing happens beyond 1.3700 ranges. In case of EURUSD, till it trades above...
Concerns over the instability in Egypt. Asian and European trading sessions:
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