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Foreign Exchange Market Commentary 8 Aug 2012 | 04:23 pm
The EURO closed slightly higher on Tuesday and the midrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI have turned bullish signalling that sideways to hi...
Forex and Dow Jones Recommended Levels 8 Aug 2012 | 04:22 pm
EUR/USD Today's support: - 1.2372 and 1.2321(main), where correction is possible. Break would give 1.2287, where correction also may be. Then follows 1.2263. Break of the latter would result in 1.223...
Market Morning Briefing 8 Aug 2012 | 04:22 pm
EQUITIES The Dow Jones (13168.60, +51) was up for third consecutive day on expectation of the European banks doing something to protect the Euro zone. It can target 13300 in the near term. The Nikke...
FX Report: AUD/USD 8 Aug 2012 | 04:21 pm
Greed may finally be getting the better of fear as markets continue to rally on rising speculation of action by the world's central banks to stimulate economic growth. Investors were cheered after the...
USD/CHF Ranging Between 0.9740 And 0.9655 8 Aug 2012 | 04:21 pm
In the previous USD/CHF update, I noted that the pair was bearish and had a swing projection to 0.9620, with resistance at the previous support area of 0.9740-0.9750. So far this week, the market inde...
USD/CAD: Loonies Rose As Canadian Ivey PMI Rises In July, Tad Lower This Morning 8 Aug 2012 | 04:19 pm
For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9971. The Loonie rose, after the Ivey purchasing managers index in Canada, on a seasonally adjusted basis, climbed to 6...
Japan Record More-Than-Expected Surplus In Current Account 8 Aug 2012 | 04:19 pm
Japanese economy the world's third largest economy recorded more-than-expected current-account surplus in June, where today's surplus supported by the drop in oil prices to the lowest this year. Japa...
Greek Exit Talk Pressuring EUR/USD in Asia 8 Aug 2012 | 04:18 pm
U.S. Dollar Trading (USD) a relatively quiet day on the markets with some positive and negative news keeping most pairs in tight ranges. The big move was seen in the USD/JPY which moved up to Y78.75 a...
Forex Exchange Morning Report 8 Aug 2012 | 04:17 pm
Market wrap Sentiment remained positive with no significant news to drive markets, although AUD and NZD underperformed. Fed Chairman Bernanke spoke about education and largely avoided monetary policy...
EUR/USD: Technical Analysis 7 Aug 2012 | 10:46 pm
The EUR/USD pair had broken out above a falling wedge pattern on the daily chart and has begun to consolidate. The low holiday trading volume may mean that the pair will remain range-bound for some ti...
