Greenback has fallen more than 2 per cent in just a week against an international basket of currencies including the yen, euro and sterling to its lowest level since mid-April
Faltering US recovery trips dollar
Source: www.ft.com
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Watch 952.85 level closely
Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it...
Asian Stockmarkets modestly higher
Asian Shares are modestly higher today, with the Nikkei closing out the morning session up 98 points or 1%, at 10,076. Mitsubishi Heavy was up 6% on a report that it was close to securing a large scale construction deal in Australia. Mask makers were also trading higher after the the H1N1 flu...
Chrysler sale to Fiat group gets Supreme Court go-ahead
This sale had been delayed as various interested parties took action in the Supreme Court but the deal is now set to be...
Forex Technical Analysis for 06/15—06/19 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
Stock Market and Currency Trading | GFT Forex
How the stock market moves along with the forex market. Forex Training | GFT Forex -...