The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...
The pair is now following a clear downtrend and we might see additional pressure going forward.
USDJPY’s downward move from 85.51 extended to as low as 78.22. Further fall towards 76.40 previous low is still possible next week. Key resistance is now at 79.60, only break above this level will indicate that a...
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
European Summit expectations increase the demand for the high-risk assets.
With a break below last week low, the pair has confirmed a bearish outlook and we now expect additional decline going forward.
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
The pair is still in a consolidation mode since last week and the break below the critical level at 80,00. A break below 78,50 (last week low) would accelerate decline.
The USD/JPY had another quiet trading session on Tuesday as traders are largely abandoning this pair. The threat of the central banks intervening certainly makes this a dangerous pair to short, but at the same time –...
The USD mixed wherein it has traded flat against the Euro and the Cable and lost ground against the Aussie Dollar where as the Swiss Franc posted gains against the Greenback. It seems that the all the...
