The GBP/USD pair fell after initially trying to rally to get above the 1.55 handle on Tuesday. However, this failure led to a lower low, as we broke the bottom of the neutral candle from Monday.
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and the Aussie but continued to appreciate against the Sterling and the Japanese Yen. Dollar Index (DX) finds resistance near 81.00 ranges; further...
Market Commentary With most of the asset classes trading flat, the Dollar Index (DX) is trading flat at 80.75 with positive bias; next leg of Dollar weakness is expected only on DX consistently trading below 78.80 ranges...
Market Commentary The Dollar Index (DX) is trading strong at 80.70 ranges resulting in most of the asset classes depreciating or forcing them to in narrow ranges at their respective resistances; next leg of Dollar weakness is...
GBPUSD continues its downward movement from 1.6339, and the fall extends to as low as 1.5462. Resistance is now located at the downward trend line on daily chart, as long as the trend line resistance holds, further...
The GBP/USD pair went back and forth during the session on Friday, but did end up positive. In fact, we managed to close above the 1.55 level, which of course is an area that based upon the...
The GBP/USD pair fell during the session on Thursday, breaking below the 1.55 level. The psychological barrier has now given way to the sellers, and as a result this market can continue lower.
Market Commentary The Dollar Index (DX) is trading strong at 80.46 ranges with most of the asset classes trading weak or in narrow ranges at their respective resistances; next leg of Dollar weakness is expected only on...
The GBP/USD pair fell precipitously during the session on Wednesday yet again, showing that the British pound simply cannot get out of its own way. Now that we have fallen below the bottom of the hammer from...
Market Commentary The Dollar Index (DX) is trading narrow at 80.15 ranges with most of the asset classes trading in the narrow ranges especially the benchmark equity index of the Dow Industrials (DJIA) trading tight around the...
