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Our scenario, regarding a sideways formation was confirmed, as euro?s decline was limited at 1,4800-20 area, and buyers gained momentum in the beginning of the day. As we have mentioned in previous analysis, gold, crude oil and stock indices remain in an uptrend, and their rise is likely to be…

Our scenario, regarding a sideways formation was confirmed, as euro?s decline was limited at 1,4800-20 area, and buyers gained momentum in the beginning of the day. As we have mentioned in previous analysis, gold, crude oil and stock indices remain in an uptrend, and their rise is likely to be…

The USD is trading lower pressured by the return of risk appetite as equity markets rally and gold rises to a new record high, Fed Chairman Bernanke’s reaffirmation that interest rates will remain low fuels equity markets gains and weaker USD, AUD supported by report of a surge in Australia’s…

The USD is trading lower pressured by the return of risk appetite as equity markets rally and gold rises to a new record high, Fed Chairman Bernanke’s reaffirmation that interest rates will remain low fuels equity markets gains and weaker USD, AUD supported by report of a surge in Australia’s…

While the dollar managed to bully everything else lower on Tuesday especially after risk was discouraged by a poor showing from a gauge of homebuilders’ confidence, today it is once again on the defensive. The euro’s recovery has lifted it to a session high of $1.4972 ahead of Wednesday’s key…

While the dollar managed to bully everything else lower on Tuesday especially after risk was discouraged by a poor showing from a gauge of homebuilders’ confidence, today it is once again on the defensive. The euro’s recovery has lifted it to a session high of $1.4972 ahead of Wednesday’s key…

Overall, the positive European equity markets have helped the majors push the Ysd lower. Following the major’s strength seen during the Asian and the European sessions, the dollar index broke again below the 75.00 area, which has been an important swing point over the last few weeks of trading. A…