The GBP/USD pair had a wild session on Thursday as we were both positive and negative by the end of the day. However, the candle that formed was a shooting star with a slightly negative bias sitting...
Market Commentary Amidst volatile session witnessed in the benchmark equity index of Dow Industrials (.DJIA) the Dollar Index (DX) ended flat after swinging between 79.89 and 79.42. The Dollar Index after finding support at 79.00 ranges is...
The British pound is looking forward to some respite in its exchanges versus the US dollar after finding support at the 1.6108 price mark. Fiscal cliff talks resume today in the United States, and the markets are...
The GBP/USD bounced back and forth during the session on Wednesday as the 1.61 handle continues to attract support. Looking at this market, we still feel that it is relatively supportive, and as such we would be...
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and Swiss Franc whereas it continued appreciating against the Japanese Yen and the Aussie. The Dollar Index after finding support at 79.00 ranges...
The GBP/USD pair initially rallied during the Monday session, but found resistance that push the market back down and formed a shooting star. This shooting star sitting just on top of quite a bit of noise, and...
Market Commentary The Dollar Index is finding support at 79.00 ranges to currently trade firm at 79.75 resulting in correction in most of the asset classes especially in the benchmark equity index of the Dow Industrials (.DJIA)....
Being contained by 1.6309 previous high resistance, GBPUSD pulls back from 1.6306. However, the fall is likely consolidation of the uptrend from 1.5827, range trading between 1.6100 and 1.6306 would likely be seen next week.
The GBP/USD pair fell precipitously during the Friday session as the “risk off” trade came back into play. With the failing of the so-called “fiscal cliff” talks, this market absolutely cratered. However, you can see that roughly...
The GBP/USD pair rose during the session on Thursday as we continue to try and pound through the 1.63 level. This area is significant resistance, and if we can get above that this would be a very...
