EURUSD continued its previous day rally yesterday to settle with positive note at 1.3758, well above high of 09th February 2011. 1.3865 is now immediate resistance for common currency above which possibilities of testing 1.4282, high made...
Demand for the save-heaven assets is growing.
Common currency settled marginally lower at 1.3672 and showed sharp recovery from day’s low of 1.3525. Till it trades above 1.3428, we don’t see any major correction in EURUSD, 1.3744, high of 09th February 2011, is immediate...
Instability in the Middle East and Africa regions concerns the market.
Dow Jones Industrials (.DJIA) correlation suggests strength for Dollar in very short-term. With Dow showing signs of sell off from historic congestion zone of 12300 ranges, most of the majors showed signs of yielding against the USD....
Market review for 14 – 18. 02, 2011 Previous trading week started with a US dollar competitors’ weakness.
EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to...
GBPUSD is facing 1.6298 resistance, a break above this level will indicate that a cycle bottom had been formed at 1.5962 level on daily chart, then further rise to 1.6700 area could be seen. However, as long...
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
Negative rally of the euro and the pound.
