GBP/USD Open 1.5182 High 1.5315 Low 1.5097 Close 1.5232Pound/Dollar continues to drop convincingly, forming sharp downward channel on the 3 hour chart. After correcting up to 1.5316 on Friday, depreciation went on down to 1.5161, closing the...
Market Notes: Fitch’s downgrade Greece’s four largest banks from BBB+ to BBB. Moreover, the ratings outlook is negative, which points to the risk of further downgrades ahead.
Past Events: • USD Prelim GDP q/q out at 5.9%, versus expected 5.6%, prior 5.7%• USD Existing Home Sales out at 5.05M, versus expected 5.51M, prior 5.44M• GBP Nationwide HPI m/m out at -1.0%, versus expected 0.4%,...
After a week which was mostly characterized with the halt of the Dollar’s bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And...
EUR/USD Open 1.3643 High 1.3673 Low 1.3558 Close 1.3623Euro/Dollar appreciated at the end of last week, as Dollar index decreased, and crude oil and gold registered growth. On the 3 hour chart the Euro is adjusting sharply...
Market Review – 27/02/2010 01:53GMT Dollar falls vs euro & yen after weak U.S. home sales and Greek aid Euro maintained a firm footing on Friday in Asia and European morning following its previous day’s rebound, however,...
Relative strength can mean alot of things in the financial markets as there are more than a few technical tools using this title to describe what they attempt to do.
USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.
USDCHF remains in uptrend from 1.0132 and the pullback from 1.0898 is more likely consolidation of uptrend. Range trading between 1.0608 and 1.0898 is expected next week. As long as 1.0608 support holds, one more rise towards...
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.
