The US Dollar traded mixed wherein mild correction was seen in the Euro and the Aussie Dollar; though it has traded strong against the Cable, the gains faded by the end of New York close; where as...
We got a breakdown of the shooting star on Tuesday, and if you were quick, you made good money. However, the 1.60 proved to be too supportive for the bears, and we bounced. However, we feel bearish...
The Cable remains under pressure below its daily 20 descending moving average. A break below 1,60 exposes 1,59 with a risk for additional decline.
Comments of the S&P agency regarding the Greek default pressured the euro.
The Dollar Index (DXU11) traded flat also trading was sluggish yesterday evening on the event of U.S Independence Day.
The GBP/USD rose, but ended the Monday session forming a shooting star just under the vital 1.61 area. This could be a sign that we are going to attempt a breakdown of the 1.59 area again. That...
The pair might be ready to resume its move to the downside after a shy attempt above 1,61 resistance.
Market review for 27.06 – 01.07, 2011 Previous trading week saw strengthening of the euro and other high-risk currencies. Monday,
The Dollar Index (DXU11) traded mixed wherein the USD has depreciated against most of the FX majors where as the USD has traded flat against the Japanese Yen and depreciated against the Swiss Franc.Key equity index, Dow...
Over the long term, the Cable is a bit choppy evolving without a clear direction. The pair has found a great support on top the weekly lower bollinger band at 1,59.
