GBP/USD Open 1.5302 High 1.5439 Low 1.5269 Close 1.5295 After an unsuccessful rising efforts, on Friday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at around +20%. The Cable depreciated from 1.5439 to 1.5286...
The USD traded in a consolidated manner on Friday against the EUR and GBP, albeit at the weaker side of its range. Divergence has taken hold within the broad markets and this has occurred as U.S. data...
The EUR continued to keep pace on Friday and managed to go into the weekend with most of its gains intact after a strong performance from the days before. The EUR did move in a fairly tight...
The Sterling traded in a sideways pattern on Friday and finished off the week holding onto most of its gains. There was little economic data from the U.K. before going into the weekend and there will little...
The JPY continues to pick up steam and gain versus the USD as risk adverse trading being led by investors fleeing Asian bourses builds momentum. Trading is seldom a one way avenue, but the JPY’s strength highlights...
The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest...
Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
EURUSDThe pair halted its upside rush at 61.8% Fibonacci correction and seems to have indulged in a minor bearish correction, affected by the negativity on momentum indicators over daily basis. We can expect a retest for the...
Crude was able to achieve the falling wedge pattern scenario suggested in our previous report, although it is finding a hard time in surpassing support represented by the MA 100. The stochastic is showing positive signs that...
EUR/USD Open 1.2902 High 1.3004 Low 1.2891 Close 1.2924 On Friday Euro/Dollar the rising momentum extended further during the European session, than consolidated. The European currency appreciated from 1.2891 to 1.3004 on Friday, matching the positive Interbank...
