GBP/USD rose during the session on Thursday, and acted like it was shot out of a cannon. The pair has recently pulled back, but the bullish action for the session will have many of the bears running.
The Euro zone’s GDP contracted by 0.3% in a 4Q.
The rating agency Moody’s downgraded the credit ratings’ of six European countries,
GBP/USD fell again on Tuesday as the markets continue to sell risk overall. The 1.57 level was cracked, and the pair plunged well below it, but the end of day announcement that the presumed next PM of...
The US Dollar Index has hit the short-term resistance of 79.80 ranges during yesterday’s New York trading session and has started weakening since today’s Asian trade; daily close below 79.10 would drag DXH2 towards the short-term support...
The GBP/USD pair initially rose during the session on Monday, only to turn back around and fail at the 1.58 level. The weekly chart shows a shooting star from last week, and this move lower during the...
The US Dollar Index is approaching critical support of 78.20, DXH2 may become sideways between 79.80 and 78.20. Though the major trend is bearish, 78.20 may act as important support.Dow Jones Industrials is trading at the last...
Market review for 06 – 10.02, 2012
With the US Dollar Index is approaching critical support of 78.20, DXH2 may become sideways between 79.40 and 78.20. Dow Jones Industrials is trading at the last year highs of 12900 ranges; DJIA Vs DX correlation suggests...
The GBP/USD pair fell hard on Friday as the Greek debt talks stalled again. With the UK’s exposure to the European Union and all things debt related, this pair was always going to fall in that environment.
