The dollar rose on fears of aggravating the situation in Europe.
The GBP/USD pair rose on Monday as the Pound gained for much of the session. However, by the end of the daily session, the pair had given up most of its gains. The 1.6050 level had been...
Market review for 7 – 11.05, 2012
The GBP/USD pair fell hard on Friday as the risk appetite of the global markets continues to fall. The 1.6050 level has been supportive lately, and this is exactly where the market sits at the moment.
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
GBPUSD has formed a cycle top at 1.6301 on daily chart. Further decline to test the support of the upward trend line could be seen next week, a clear break below the trend line could signal completion...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
The GBP/USD pair had a back and forth session on Thursday to trigger a buy signal on a break of the hammer top from the previous session. However, the pair also drew back a bit to form...
The US Dollar has traded mixed bag wherein it has strengthened against the Common Currency and the Aussie while trading flat against the Cable and the Japanese Yen. The Dollar Index is trading range bound between 80.65...
The GBP/USD pair fell for most of the session on Wednesday in order to retest the 1.6050 level for support. In the end, it go it as the pair bounced hard from that point. The resulting candle...