Category: Daily Forex Reports

The GBP/USD currency pair is demonstrating a slight correction after a decline to 1.5980.

GBP-CHF The pair stands around the supporting area from December 2008 at – 1.5120 (the brown line) that broke in 2010 and ever since crosses the area back and forth. The daily graph is situated on the...

Traders should be prepared for swift and volatile broad markets today and perhaps the remainder of this week as financial institutions and investors come to grips with the Japan tragedy. The scope of the devastation in Japan...

Market Review – 11/03/2011 20:32 The Japanese yen rallies broadly after massive earthquake in Japan The Japanese yen surged across the board on Friday on speculation that Japanese insurance companies will need to sell foreign assets to...

The GBP/JPY is developing wave C of medium term downtrend – colored magenta in the chart. On smaller scale this wave consists of A and B subwaves (colored yellow in the chart) with subwave B still developing....

Demand for the risky assets drops. Greenback grows.

The USD and EUR provided some fireworks on Thursday taking into context that the two found themselves well within range at the end of the day. The EUR initially began to trade weaker against the USD after...

Hello. Let’s take a look at the GBP/JPY hourly chart. Even though we just saw a big spike up earlier today, the overall trend still potentially remains bearish.