Market review for 7 – 11.05, 2012
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
USDCHF is facing 0.9333 resistance, a break above this level will signal resumption of the uptrend from 0.8931, then further rise to test 0.9594 previous high resistance could be seen. Support is at 0.9230, only break below...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
After a steady stream of bearish news early in the week, it seems the pressure on the markets is relieved. At the US opening, equities have moved smartly ahead.
The US Dollar has traded mixed bag wherein it has strengthened against the Common Currency and the Aussie while trading flat against the Cable and the Japanese Yen. The Dollar Index is trading range bound between 80.65...
Technical analysis for 08/05
USDCHF stays in a narrow range between 0.8931 and 0.9333. Another rise to test 0.9333 resistance would likely be seen next week, a break above this level could trigger another rise towards 1.0000. Support is at 0.8931,...
The Euro-Zone Unemployment Rate in March reached a new record of 10.9
Technical analysis for 02/05 EURUSD The pair has risen to the Moving Average (100) at 1.32148. If the pair stays above this level the pair will rise to 1.33143. If the pair stays below 1.31674 the pair will...