Correction in benchmark equity index of the Dow Jones Industrials from historic resistance zone of 12300-12380 ranges and Consumer Confidence numbers beating the street led to the Dollar Index appreciating by 1 point to close firm at...
GBP/USD fell rapidly during the Wednesday session as traders took off risk all the way around. The recent range between 1.54 and 1.58 has contained cable quite well, but the overall move over the last couple of...
GBP/USD rose on Tuesday as traders sold off the Dollar overall. The move may have been somewhat exaggerated in low volume though. Also, the 1.57 level held again, and this suggests that we are simply going to...
Flat trading day was witnessed in most of the FX majors but for the Cable which was volatile on the event of low volumes. Major trend is range bound between 73.40 and 81.40; the medium trend is...
The Dollar Index is trading flat as is case with most of the asset classes. Major trend is range bound between 73.40 and 81.40 ; the medium trend is bullish till 77.50 ranges is holding on weekly...
GBP/USD fell hard on Friday as traders continue to reject the pair at the 1.57 level. The market has fallen quite hard for a light session, and this shows just how much pressure the pair currently has...
Being supported by 1.5272 previous low, GBPUSD moved sideways in a range between 1.5423 and 1.5779. The price action in the range is likely consolidation of downtrend from 1.6164. As long as 1.5779 key resistance holds, another...
GBP/USD rose and then fell again on Thursday as the 1.57 level held the market down again. The pair looks likely to stay in the 1.57 – 1.55 range for the short-term as the levels simply cannot...
Amidst holiday season the Dollar index is trading flat. Major trend is range bound between 73.40 and 81.40 where as the medium trend is bullish till 77.50 ranges is holding on weekly closing basis, though 81.40 ranges...
The US Dollar continued trading strong against the Euro and Swiss Franc whereas traded flat against the Cable and the Aussie Dollar. Major trend is range bound between 73.40 and 81.40 where as the medium trend is...
