USDJPY continued its sideways movement in a range between 79.58 and 82.22. The sideways move is treated as consolidation of downtrend from 85.51. Another fall to 78.00 is expected after consolidation, and a breakdown below 79.58 will...
U.S. stocks pared steep losses Thursday buoyed by a report that Greece had reached an austerity plan with European authorities. The Dow Jones Industrial Average fell 59.67 points to close at 12,050.00, after touching an intraday low...
The USD Dollar appreciates for the second consecutive day though most of the other major FX majors especially the Euro and the Aussie Dollar recovered by the end of New York trade due to bargain buying witnessed...
Dramatic drop of the pound. Asian and European trading sessions: Euro: During the morning trading the euro was supported by the strengthened market participant’s hope for the positive outcome of the Greek external debt problems. Therefore, the...
The USD Dollar appreciates across the board, especially against the Cable wherein the Greenback appreciated by more than 150 pips; against the Euro, Aussie Dollar and the Swiss Franc, the USD appreciated marginally. Profit taking witnessed in...
Negative EU and UK statistics pressured the euro and pound.
The USD Dollar has traded flat on the event of the FOMC meeting tomorrow, further queues may evolve after the release of FOMC minutes The US Dollar Index (DXU11) is expected to find support at 75.00 ranges,...
Decision regarding the Greece bailout will be announced in the beginning of July.
The USD Dollar has lost its ground against most of the major pairs especially against the Common Currency and the Cable, whereas closed flat by the end of New York trade against the Aussie Dollar and the...
Market review for 13 – 17.06, 2011
