Rebounds Archive

Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

Posted on July 13, 2010 | No Comments
Dollar’s recovery extends further in early US session trading above 84 level. As we’ve pointed before, the greenback has just got some support from an important medium term trend line. Current development indicates that dollar is gathering some momentum for a sizeable rebound at least...
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Mid-Day Report: Euro Rebounds on ECB Six Days Loan, USD/JPY Broke 88

Posted on July 1, 2010 | No Comments
Euro rebounds strongly today on news that ECB is going to grant 78 banks EUR 111.2b of funds for six days to assist them in coping with expiry of the 12 month loan which totals EUR 442b. The announcement overshadowed downgrade risk of Spain and...
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Mid-Day Report: Euro Rebounds after Positive ECB Tender But Lost Momentum after Disappointing ADP

Posted on June 30, 2010 | No Comments
Euro recovered strongly earlier today after ECB said that EUR 131.9b loan will be provided to banks in the three-month tender, less than half of markets estimate of EUR 300b. The lower than expected amount was viewed as an encouraging sign that banks in Europe...
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