USDCHF looking to complete its retracement
USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level. On the [...]
USDCHF might look to take some retrace by end of US session
USDCHF is moving nicely in an upward trend but we might see USDCHF taking a dip by the end of US session for monthly closings. Traders looking to buy USDCHF might hold back a bit and let USDCHF take a dip today before buying USDCHF for next week. The dip might go towards 1.0430 and [...]
Euro loses out further to the Dollar
Thursday, 21 January, 2010 Owing to the ballooning debt crisis in Greece, the Euro has further slid against the Greenback. The Euro has been trading at a reported 5 months low at 1.4058. With no respite to the crisis in sight, the performance of the Euro was further bogged down by the Chinese data released [...]
Euro Loses it ground to the Dollar
Wednesday, 20 January, 2010 The Euro is under pressure against the dollar with former losing out from 1.4580, to levels below 1.4200, a reported 5-week low. Early morning trading in London dropped to $1.4199 from $1.4288 in American markets yesterday. The fiscal debt crisis in Greece worsens day by day and following Moody’s A2 debt-rating, [...]
Pound edges upwards against the Dollar
Tuesday, January 19, 2010 In the early Asian trading session today, The British Pound gained versus the Dollar which lost ground against a host of other currencies as well. The Pounds trading picked up from $1.6341 on Mondays closing to trade at $1.6424 today, a reported 6 week low. Riding on the wave of the [...]
US Dollar surges against the Yen
Monday, January 18, 2010 The Asian market in its Monday session saw the Dollar surge against the Yen. The trend seemed to carry over from Friday’s session in the North American markets where the Dollar strengthened from 91.02 yen to 90.84 yen. Early Asian trading saw the USD/JPY rising 0.15% so far on Monday from [...]
Price of Gold breaks $1,110/oz – $1,100/oz being tested. Dollar strengthens.
Gold continues to plummet which has resulted in the price reaching the lowest it has been since November 11th 2009 @ $1,100.96/oz. Investors are taking advantage of the drop in the price of gold in reaction to the monetary policy statement from the Fed. At the same time, the dollar advances and continues to strengthen [...]
Aussie on a 15-Month High
Friday, November 13th 2009, 06:20 GMT The Aussie gained fresh upward momentum on ‘better than expected’ unemployment data alongside firm commodity prices. It touched a new 15-month high by briefly touching 0.9370, its highest point since late Aug-08. The pair (AUD/USD) posted an intraday high of 0.92820 and is currently trading at 0.92784, against the [...]
Kiwi Gains against Aussie after Dairy Payouts
Tuesday, November 10, 2009, 07:44 GMT The Kiwi rose against most major currencies on improving raw material prices in New Zealand after the Fonterra dairy payout. The Kiwi gained fresh strength against the AUD, particularly on the news of Fonterra Cooperative Group Ltd. announcing a 20% stronger dairy payout to farmers. Economic growth in New [...]
Markets Cautious Ahead of Fed Meet
Wednesday, November 04, 2009, 09:25 GMT The currency market is trading very cautiously in today’s session ahead of the monetary policy meeting of federal reserves. Although the market is mainly trading in positive territory, as the consensus in analyst community shows that there will be no change in the benchmark interest rates and it will [...]
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