On Friday, 28-09-12, the US Dollar traded weak for most of the European session; but appreciated during the American session on the event of profit taking witnessed on most of the asset classes, especially the bench mark...
After touching 1.6301 resistance, GBPUSD pulled back from 1.6309, suggesting that consolidation of the uptrend from 1.5393 is underway. Range trading between 1.6100 and 1.6309 would likely be seen in a couple of weeks. Support is at...
The GBP/USD pair rose during the session on Thursday after printing a nice-looking hammer on Wednesday. We have suggested that the 1.62 level was going to be rather supportive, and as such this move really didn’t surprises.
The US Dollar resumes down trend as after testing intermediate resistance of 80.00 ranges resulting in most of the asset classes, especially the equities appreciating. The Greenback has lost most against the Cable continued by the Aussie.
Market review for 26.09.12: The safe haven assets, the Dollar and the Yen strengthened today. Asian and European trading sessions:
The Dollar Index continued to gain on the event of most of the asset classes correcting, especially the equities; today’s Asian trade has seen stability in the equities resulting in the Dollar Index trading marginally lower at...
The GBP/USD pair fell during the session on Wednesday as the 1.62 level gave way as support. However, by the end of the day we saw the market bounce back up in order to form a hammer...
Amidst most of the asset classes especially the equities correcting the Dollar Index appreciated to currently trade at 79.84. Further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
The GBP/USD pair fell during the session after initially surging on Tuesday, in order to test the 1.62 level yet again. This market has been very bullish, but we want to see a pullback in order to...
Market review for 24.09.12: There were disagreements between European leaders.
