-
07/03 Doenside Pressure
30In our latest comment last week, we have emphasized the importance of 1.3540 resistance level and the downside move started before reaching that level till 1.3100′s yesterday. Downside pressure still
-
13/02 Greece Rescues Europe!
30After the voting late at night, Greece saved Europe once more from bankruptcy! It is such a big economy with very rich resources that everytime a minor thing happens to
-
EURUSD Market Opening in US
30EURUSD started with a downside move to the week. There are signs of recovery against the downside move in 1.3020′s, but it still doesn’t seem to be strong. 1.2970 and
-
EUR/USD As Expected
30At the beginning of the week, we were expecting the upside move to continue till 1.3150-1.3220 range above 1.3080. After FOMC Meeting, it happened just like we have expected. Now,
-
EUR/USD Still Weak
30At the beginning of th week, I was thinking of an upside move starting from 1.2650′s till 1.2850-1.3000 and 1.3200 respectively, but it still lokks like the pair is too
-
US Jobless Claims Bounce During Holiday Week
30According to the US Labor Department, US jobless claims unexpectedly rose in the week ending November 26th. Figures showed that weekly unemployment claims rose by 6,000 to 402,000 for the
-
Canada Growth Skyrockets on Export Resurgence
30A reversal in net exports helped to propel the Canadian economy to an accelerated pace of growth in the third quarter of this year. According to Statistics Canada, expansion in
-
What’s Happening With Currencies – November 30, 2011
30Central bank coordination has boosted speculation in the markets, supporting higher valuations int he Euro and Australian dollar against the US dollar. The news has also boosted commodity markets and
-
Output Slips In South Korea, Won Weakens
30Industrial production rose at a slowed pace in the month of October, reflecting a slowdown in the country’s number one sector – exports. According to Statistics Korea, the pace of
-
Central Banks Coordinate Against Euro Crisis
30Global central bankers surprised the markets this morning – announcing that a coordinated effort will be made by six banks in order to help stem the financial strain from the
