After a clear break above its long term descending trendline, the pair has been pulling back on this former resistance and is now trading near the 1,44 level.
The US Dollar Index traded flat after it nears 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...
Greetings. Let’s pull up the GBP/USD. We saw the GBP/USD make a strong comeback in the past couple of weeks and it seems like there still be more potential room for upward movement.
Market Review – 16/08/2011 22:04 GMT Euro pares its gain on disappointing French-German proposal The single currency retreated on Tuesday as German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a press conference that they...
Euro speculations amid upcoming meeting of Sarkozy and Merkel.
Market review for 8 – 12, 2011
Traders will witness the release of moderately significant reports on inflation at the consumer and retail level in the UK today at 9:30 GMT. Should the figures reveal stagnation in inflationary growth, we could see heftier flights...
The US Dollar Index depreciates on the event of most of the asset classes either stabilizing or posting gains, especially the equity bourses across the world; the Dow has gained for successive third session after major fall...
The pair has confirmed a strong bullish bounce over the last trading session with a rally towards a former support at 1,05.
The pair has been under pressure the most part of monday’s session with a decline towards a first support level at 0,98 corresponding to a 38% retracement of the previous rally.