Expectations for the meeting of the EC Ministers of Finances pushed euro up.
The Dollar Index is trading at the previous resistance zone of 79.50 from where it sold off to 74.50 ranges during October. Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
GBP/USD rose on Tuesday as the “risk on” trade came back into vogue. The pair rose above the 1.56 level, and looks like it wants to build on those gains as the shooting star from Monday was...
Today the demand for the Government bonds of European countries showed a significant increase.
Market review for 21 – 25.11, 2011
GBP/USD fell again on the Friday session after first attempting to rally above the 1.55 level. The pair is in a free fall at this point, although in the middle of a support zone. The 1.53 level...
The Cable follows the path of the Euro, falling down significantly over the last 2 weeks.
GBPUSD’s downward movement from 1.6164 extended to as low as 1.5423. Further fall to test 1.5272 key support could be seen next week, a breakdown below this level will signal resumption of downtrend from 1.6745, then the...
Fears of the world economy sliding down into a recession supported the dollar.
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.