The US Dollar and Japanese Yen traded lower as news that Germany may lead an EU effort to offer loan guarantees to Greece and other troubled Euro Zone economies boosted risky assets, sapping demand for the safe-haven currencies. Key Overnight ……
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EURUSD Currently the nearest support level is placed at 1,3740 and it may be considered to open long positions as another approach towards 1,3840/70 is expected. Decline below 1,3740 will bring this pair as low as 1,3680/60 and only in case the ……
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Asian equity markets opened the day sharply higher, tracking gains on Wall St where investors cheered the possibility of dissipating sovereign debt concerns in the Eurozone. However, with the details of a rumored German bailout remaining murky, coupled wi…
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EUR/USD Today#8217;s support: - 1.3719 and 1.3700(main), where correction is possible. Break would give 1.3684, where correction also may be. Then follows 1.3665. Break of the latter would result in 1.3635. If a strong impulse, we would see ……
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The Australian dollar spiked higher after the labor report showed a 52,700 increase in jobs. Continued job creation following three rate hikes has fueled expectations that policy makers will need to continue tightening to cool the economy and avert rising inflation. The pair has stalled at resistance and considering the broader trend of risk aversion continued consolidation is a likely scenario. Markets in general appear on hold today as they await details of the bailout for Greece which could make several pairs attractive for scalpers. However, the news cycle could spark broad based volatility and with solid support not far below the AUD/USD appears to be an attractive candidate.
 

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