The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level. Asian and European trading sessions:
GBP/USD fell precipitously on Wednesday as the Bank of England minutes discussed more easing for the United Kingdom going forward. The Pound fell against all currencies, and the Dollar was no exception.
With the Dow Jones Industrials (.DJIA) unable to sustain above 13000 mark, the Dollar Index may trade sideways between 78.60 and 79.85. Though the major trend of the Greenback is bearish, it may trade sideways some time.The...
The market reacted positively on the decision of providing assistance to Greece. Market review for 21.02.12: The market reacted positively on the decision of providing assistance to Greece.
The GBP/USD pair continues to bounce around the 1.58 level, and on Tuesday saw a selloff to continue the back and forth action. The weekly chart has a shooting star from two weeks ago, and a hammer...
With the Dow Jones Industrials (.DJIA) unable to sustain above 13000 mark, the Dollar Index may trade sideways between 78.60 and 79.85. Though the major trend of the Greenback is bearish, it may trade sideways for couple...
The Dollar Index resumes bearish trend after hitting short-term resistance of 80.20 to currently trade at 79.00; daily close below 78.30 may drag the Greenback further lower. The benchmark equity index of the Dow Jones Industrials is...
Market review for 13 – 17.02, 2012
The GBP/USD pair rose on Friday only to turn around in the end. The pair formed a shooting star at the 1.58 level, and although we have seen a nice pushback from the bulls, this latest candle...
GBPUSD is forming a cycle top at 1.5928 on daily chart. Another fall to test 1.5640 key support would likely be seen, a breakdown below this level will confirm the cycle top, then further decline towards 1.5236...