Market Commentary Despite most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading flat, the Dollar Index (DX) continued depreciating across the board to close weak at 79.65 ranges. The Dollar...
USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance levels are at 0.9300 and 0.9400, as long...
Market Commentary The US Dollar trade mixed wherein it traded flat against the Common currency and the Aussie whereas it has appreciated against the Cable and the Japanese Yen and continued to appreciate against the Swiss Franc....
Market Commentary The US Dollar continued to depreciate to hit critical support of 79.45 ranges on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong, DJIA....
Market Commentary The US Dollar depreciated across the board on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong. The Dollar Index is currently trading weak...
Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
USDCHF failed to break below 0.9214 previous low support, and rebounded from 0.9241, suggesting that a cycle bottom had been formed on daily chart, and lengthier consolidation of the downtrend from 0.9971 is underway.
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
