The GBP/USD pair rose above the 1.65 area again on Friday, and fired off a lot of stops in that area. However, it should be noted that the area also produced a shooting star, and this could...
The pair has been rallying significantly the most part of the week, testing the 1,66 after a break above previous high at 1,6480.
GBPUSD’s rise from 1.5781 extended to as high as 1.6617. Further rise to test 1.6745 resistance is still possible next week, as long as this level holds, we’d expect downtrend to resume, and pullback to 1.5900-1.6000 area...
GBP/USD fell as the world got spooked by fears coming out of Europe involving the debt crisis, and the Philly Fed numbers came in very poor. The reality is that the world could be slipping into recession,...
Most of the asset classes, especially the equity bourses succumbed to selling pressure resulting in the Dollar Index recovering again from important support of 74.00 ranges. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation...
US Dollar drops against competitors. Asian and European trading sessions: Euro: Today the EUR/USD pair managed to show a strong positive dynamics and almost reached the $1.4500 maximum. Released negative Euro-zone Consumer price index did not pressure...
The Cable was one the big movers of the last trading session reaching a top near 1,66.
The GBP/USD pair rose on Wednesday as traders dumped the USD and bought the GBP, obtensively based upon the higher than expected inflation numbers out of the UK on Monday.
The US Dollar Index lost about 0.25% to near important support of 73.40 ranges, most of the asset classes are trading stable after witnessing unprecedented volatility during past couple of weeks especially the equity bourses across the...
The GBP/USD pair continued to climb on Tuesday as traders were pleasantly surprised by a slightly higher than expected inflation report out of the UK this week.