On Friday, 28-09-12, the US Dollar traded weak for most of the European session; but appreciated during the American session on the event of profit taking witnessed on most of the asset classes, especially the bench mark...
USDCHF remains in downtrend from 0.9971, the rise from 0.9239 is treated as consolidation of the downtrend. Range trading between 0.9239 and 0.9500 would likely be seen over the next several days. Resistance is at 0.9500, as...
The US Dollar resumes down trend as after testing intermediate resistance of 80.00 ranges resulting in most of the asset classes, especially the equities appreciating. The Greenback has lost most against the Cable continued by the Aussie.
Market review for 26.09.12: The safe haven assets, the Dollar and the Yen strengthened today. Asian and European trading sessions:
The Dollar Index continued to gain on the event of most of the asset classes correcting, especially the equities; today’s Asian trade has seen stability in the equities resulting in the Dollar Index trading marginally lower at...
Amidst most of the asset classes especially the equities correcting the Dollar Index appreciated to currently trade at 79.84. Further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
Market review for 24.09.12: There were disagreements between European leaders.
Non eventful day contributed to dull trading in most of the FX Pairs. The Dollar Index is trading flat at 79.55 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the...
Market review for 17 – 21.09.2012
The Dollar Index is trading firm at 79.60 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
