The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.
Market review for 23 – 27. 05, 2011
Shares in the next week will run a gauntlet of data expected to indicate a slowing economic recovery, but a few positive reports may prove enough to draw investors into a market accustomed to negative sentiment. Equity...
The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.Key equity index of...
USDJPY is forming a cycle top at 82.22 on daily chart. Deeper decline towards 79.58 support would likely be seen next week, a breakdown below this level could trigger another fall towards 76.40 previous low. Resistance is...
The Dollar Index (DXM11) taking resistance at 76.50 ranges is lower at 75.20 ranges; weekly close below 75.00 ranges would result in continuation of the long-term dollar weakness.Benchmark equity index of the Dow Jones Industrials (DJIA) recovered...
Swiss frank demonstrated hit historical maximum against the euro today. Asian and European trading session: Euro: Uncertainty and lack of consensus with the Greek budget problems pressured the euro today. The EUR/USD pair showed minimums at the...
The Dollar Index (DXM11) slips again from 76.50 ranges; on the event of weaker than expected economic data, profit taking was witnessed in the dollar long positions. The Cable appreciated the most followed by the Euro and...
Positive Euro-zone statistics rendered temporary support for the euro.
Wall Street closed in red territory yesterday. It ended at it’s lowest in more than a month Tuesday, after the latest round of data did little to dispel fears the economy was headed down a rockier path...
