The USD continued to gain against both the EUR and GBP on Monday in what amounted to a replay in many respects of recent trading sessions. A flight to quality by investors has been the overwhelming decision...
The pair continues under negative pressure breaching 76.4% correction for the entire medium term bullish wave which started from 1.3653 to 1.7041, structured within the main descending channel over daily basis.
GBP/USD Open 1.4407 High 1.4525 Low 1.4310 Close 1.4423Pound/Dollar started this week with a slight decrease, in line with negative Interbank sentiment at around -55%. The Cable traded with depreciation yesterday, dropping from 1.4525 to 1.4353, closing...
GOLD: The retrace in the price of Gold was predictable. We have mentioned several times that whenever Price outpaces the 50 day Moving Average it demonstrates great strength but only over the short run, as price and...
Upcoming Sessions (all times GMT)• GBP Revised GDP (0830)• USD Consumer Confidence (1400)
EURUSD The pair continued its negative pressure in order to breach pivotal support shown in red in the image above, where it has currently turned into resistance at 1.2360. We expect this level to be retested due...
EUR/USD Open 1.2349 High 1.2582 Low 1.2286 Close 1.2369After partial recovery, the Euro dropped on Monday with a strong downward impulse. Euro/Dollar depreciated from 1.2582 to 1.2332 yesterday, in line with the Interbank sentiment projection, at around...
The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen...
Update Time: 25 May 2010 01:01GMT INTRA-DAY EUR/JPY OUTLOOK – +110.65+ As euro has breached sup at 111.25, suggestingthe corrective rise fm 109.47 has ended at 114.40last week n downside bias is seen for weakness to 111.10...
Market Review – 24/05/2010 21:24 GMTEuro weakens as bank failure in Spain stokes debt fearsEuro declined on Monday as European debt crisis continued to weigh on the single currency after Spanish central bank seized a local savings...
