Dramatic drop of the pound. Asian and European trading sessions: Euro: During the morning trading the euro was supported by the strengthened market participant’s hope for the positive outcome of the Greek external debt problems. Therefore, the...
The USD Dollar appreciates across the board, especially against the Cable wherein the Greenback appreciated by more than 150 pips; against the Euro, Aussie Dollar and the Swiss Franc, the USD appreciated marginally. Profit taking witnessed in...
Negative EU and UK statistics pressured the euro and pound.
Equities finished higher Tuesday, as investors took advantage of the past month’s pullback to buy shares in cyclical shares on growing confidence that Greece’s government will avoid a sovereign-debt default. The Dow Jones Industrial Avera
The USD Dollar has traded flat on the event of the FOMC meeting tomorrow, further queues may evolve after the release of FOMC minutes The US Dollar Index (DXU11) is expected to find support at 75.00 ranges,...
Decision regarding the Greece bailout will be announced in the beginning of July.
The USD Dollar has lost its ground against most of the major pairs especially against the Common Currency and the Cable, whereas closed flat by the end of New York trade against the Aussie Dollar and the...
Market review for 13 – 17.06, 2011
The market will be looking for any signs of more stability after a rough few months. In the just-completed week, the Dow and the S&P 500 broke six-week losing strings. The Dow Jones Industrial Average rose 0.4%...
The US Dollar Index (DXU11) is expected to find support at 75.30 ranges, weekly close below 75.00 ranges would reinitiate long-term weakness in USD else DXU11 is expected to test 77.00. Consistent close above 77.20 would post...
