GBP/USD fell hard on Monday as the markets continue to trade with a “risk off” attitude. The crisis in the EU continues to weigh upon any currency that is farther out on the risk spectrum, and with...
Market review for 5 – 9.12, 2011
High volatility was witnessed in the FX market during last week on the event of low volumes and Global economic uncertainity . Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
GBP/USD had originally gained on Friday, only to fall again from the 1.57 resistance area. The resulting candle is a shooting star, and the pair simply looks too weak to overcome this area.
GBPUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom is being formed at 1.5423. Key resistance is at 1.5779, a break above this level will signal completion of...
The GBP/USD pair poked above the 1.57 level on Thursday as traders got long of the pair on optimism about the outcome of the EU summit. However, as headline after headline came out,
The Euro gained amid expectations that Europe will expand the fund for assistance
The GBP/USD pair rose quite strongly on Wednesday as traders rallied the Pound in general. The move to just above 1.57 is the 5th attempt to break above it lately, but each time it gets this high...
The Dollar Index (December basis) is trading flat with 77.80 acting as important support on the event of flat to weaker trading in most of the asset classes especially the benchmark equity index of the Dow Industrials....
Market participants’ expectations for upcoming EU economic summit supported the Euro.
