The Dollar Index is expected to trade sideways with 78.20 acting as key support and 79.90 acting as key resistance. Dow Industrials entering supply zone of previous year highs of 12900 ranges, which may result in the...
Market review for 30.01 – 3.02, 2012
The Dollar Index is finding support the short-term support of 78.20 on the event of the key equity index of the Dow Industrials reaching supply zone of previous year highs of 12900 ranges. DXH2 may trade sideways...
The GBP/USD pair had a back and forth session on Friday as the Non-Farm Payroll report came out much stronger than expected. This kind of market isn’t all that uncommon on these days, and as a result...
GBPUSD’s upward movement from 1.5236 extended to as high as 1.5882. Further rise is still possible next week, and next target would be at 1.6000 area. Key support is at 1.5640, only break below this level could...
GBP/USD pulled back to the 1.58 level on Thursday, showing that the area is indeed important. The breaking above this level showed significant strength, and as a reminder, it offered support at the end of the session...
GBP/USD rose during the session on Wednesday as the 1.58 level gave way. However, the 1.59 held and has pushed the pair back significantly. This recent thrust has been very positive, and a break of 1.58 is...
The US Dollar continues its loosing streak on the event of stronger asset classes especially the benchmark equity index of the Dow Jones Industrials (.DJIA); now that the Dollar Index is trading near short-term support of 78.20,...
The unemployment in the EU reached the record level of 10.4%.
GBP/USD had a strong day on Tuesday as it continued its bullish run of late. The market is certainly dumping the Dollar in this pair, and the push to the 1.58 level was a good sign of...
