A range-bound market is noted by a number of moves between two similar price points. The four-hour chart of the EUR/USD is a good example of a market in a range. Many traders will buy on a move down near support and sell on a move up near resistance …
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TOKYO, March 17 (Reuters) - The yen sat tight as investors awaited the chance of more easing steps from the Bank of Japan on Wednesday, while the dollar held near a one-month low on a basket of currencies after the Federal Reserve vowed to keep rates …
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:: Australian Dollar: The Australian Dollar opens higher against the greenback today at 0.9180. Minutes from the March RBA board meeting released yesterday showed that rates may be kept steady next month which kept a lid on the Aussie during local …
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FXstreet.com (Sydney) – The EUR is continuing to gain ground against the dollar and is currently trading at 1.3764. The pair had opened on 1.3771 and posted an intraday low of 1.3779 before easing slightly. Since then the pair displays upwards …
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SYDNEY, March 17 (Reuters) - The dollar was hovering near one-month lows against a basket of currencies on Wednesday as investors cut long positions after the U.S. Federal Reserve retained its dovish bias by pledging to keep interest rates low …
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FXstreet.com (Córdoba) – The Pound rose across the board on Tuesday and posted the biggest daily gain in four months against the Dollar. GBP/USD rose from was able to rise sharply and finished at the highest level since the begging of March. The …
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WASHINGTON, March 16 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday he thinks China eventually will decide it needs to adopt a flexible currency exchange rate policy. “It’s an important issue for China, for all China’s trading …
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The FOMC statement, that came with the decision to keep overnight interest rates on hold, concluded that Fed aid in the commercial lending market will come to a halt in the time-scale initially set, as quantitative easing is removed from the market …
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NEW YORK (Dow Jones)–The dollar slumped against its rivals Tuesday after the Federal Reserve delivered a cautious assessment of the U.S. economic recovery, discouraging hopes it will raise interest rates anytime soon. The euro, which had already …
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FXstreet.com (Córdoba) – Greenback is extending its losses across the board. EUR/USD is testing levels above 1.3770 and GBP/USD trades on top of 1.5250. The Dollar weakened following the decision of the Federal Reserve to keep rates unchanged and …
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