Common currency rose most since November 15, 2010 and closed higher at 1.3864 yesterday. EURUSD immediate support is seen at 1.3812 and resistance can be seen near 1.3955. Dow Jones industrial Average closed marginally higher at 12066.80...
Speech of Ben Bernanke supported the greenback today. Asian and European trading sessions: Australian Dollar: Australian dollar strengthened against the yen today since the released Australian retail sales data turned out to be above expectations. The Reserve...
DJ faced resistance and settled lower at 12058.02 yesterday, almost 200 points lower from day’s high. Common Currency may find stiff resistance at 1.3955 ranges. ERUUSD though settled negative but caught in 1.3700-1.3865 range since last four...
Elevated oil rate supports the commodity currencies.
EURUSD may find stiff resistance at 1.3955 ranges. Common Currency though settled positive but caught in 1.3700-1.3865 range since last three days. USDCHF may pair some of the price losses in near-term till its trades above 0.9230....
Market review for 21 – 25. 02, 2011
EURUSD may find stiff resistance at 1.3955 ranges. Common Currency fell after taking resistance near high of 1.3861 made on February 02, 2011 and settled lower at 1.3751, halting two days rally. EURUSD is showing bit of...
Being contained by 1.6298 resistance, GBPUSD moved sideways in a range between 1.5962 and 1.6277 for several days. As long as 1.5962 support holds, uptrend from 1.5344 could be expected to resume and further rise to 1.5700...
Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation...
Bank of England minutes bring pound to maximums. Asian and European trading session: Euro: 2-year maximums of the oil prices level supported the growing euro rate, since the possibility that the ECB would reinforce its monetary policies...
