Market Review – 25/01/2011 23:04 GMT Sterling tumbles after a shock contraction in the UK economy The British pound tumbled from Asian high of 1.6018 to 1.5750 after the release of much weaker-than-expected U.K. Q4 GDP data...
Collapse of the political coalition of Ireland supported the greenback. Asian and European trading sessions:
TODAY TECHNICAL LEVEL : Breakout Buy level : 1.3712.Strong Resistance : 1.3703.Original Resistance : 1.3689.Inner Sell Area : 1.3675.Target Inner Area : 1.3639.Inner Buy Area : 1.3603.Original Support : 1.3589.Strong Support : 1.3575.Breakout Sell level : 1.3566.
Hello. Let’s take a look at the USD/CHF hourly chart. The overall (longer) term appears to be down and we may see more potential downward movement in the shorter term.
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally...
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On Friday, January 21, the market profile for the British pound formed a trend day. We can see the pound declining to the key support levels in the beginning of the day. These levels worked as a...
This week the EUR/GBP pair is trading up this week after a slight rollback. As mentioned before, successful breakout of the support level near 0.8430-0.8450 targeted the pair to 0.8143.The view on the currency pair remains bearish...
Released Chinese data pressured the high-risk assets. Asian and European trading sessions:
The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit...
