Against the background of the worsening situation in Italy, the euro lost about 310
USD/CHF rose during the Wednesday session as the issues in Europe seem to keep compounding. The Italians now have to pay more than 7% for their 10 year bonds, and this is seen as a possible “point...
Market participants are looking forward for the voting results in the Italian Parliament.
USD/CHF tested the 0.9000 level on Tuesday, but found sellers at that area. The pair has been pushed around quite a bit by conflicting comments out of Swiss National Bank officials over the last 24 hours, so...
The Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act medium-term resistance.The benchmark equity...
Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....
USD/CHF rose during the session on Monday as officials out of Switzerland stated that they are willing to do what it takes to weaken the Franc. This move ran counter to what went on in all of...
With most of the asset classes especially the benchmark equity index of the Dow Jones traded sideways, resulting in the Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen...
Market review for 30.10 – 4.11, 2011 Last week demonstrated a rather diverse trading dynamics of the major currencies. On Monday the euro droppedagainst the main currencies after the release of the unemployment in Italy and in...
The Dollar Index is trading sideways between 77.30 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act as formidable resistance.