GBPUSD’s fall from 1.6309 extends to as low as 1.5976. Deeper decline is still possible next week, and the target would be at 1.5900 area. However, the fall is treated as consolidation of the uptrend from 1.5268,...
The GBP/USD pair rose off of the 1.60 level as the buyers came in and supportive this market like we had suspected they would. This area looks like a good spot to get long of the cable...
The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
The GBP/USD pair fell during the session on Wednesday as it retested the 1.60 level. The encouraging thing is that the level has held, although the candle itself isn’t necessarily a hammer.
The US Dollar could trade flat despite profit taking witnessed in most of the asset classes, especially in the benchmark equity index of Dow Jones Industrials Average (.DJIA). The Dollar Index is currently trading flat at 80.10...
The GBP/USD pair fell precipitously during the session on Tuesday as the “risk off” fell apart. The pair closed the session at the 1.60 level, but also closed the very bottom of the candle. This has is...
The US Dollar traded depreciated across the board on the event of profit taking witnessed in most of the asset classes, especially in the benchmark equity index of the Dow Jones Industrials (DJIA).
Market review for 08.10.12: Although, many markets were closed today, there were some movers and actions. Asian and European trading sessions:
The GBP/USD currency pair had a horrible day on Monday as the market closed down towards the bottom of the range. However, we do see the 1.60 level just below as being very supportive. In fact, the...
The US Dollar traded flat against most of the FX majors except against the Cable wherein the Pound has lost by more than 100 pips yesterday. The benchmark equity index (.DJIA) is currently trading flat at 13594...
