The Euro continues its downtrend. The U.S. economic stats contributed to the increase of U.S. Dollar.
The GBP/USD pair fell hard on the Tuesday session as traders continue to sell off the Pound and run to the safety of the US dollar. The pair also broke the bottom of two weekly hammers during...
U.S. Dollar advances against the major currencies.
Market review for 7 – 11.11, 2011
The GBP/USD pair fell hard during the Monday session to retest the lows of the recent consolidation that the market has been stuck in. The 1.5875 area seems to be a bit of a floor, so supportive...
Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
The Dollar Index again corrects from 78.00 ranges, resulting in appreciation of most of the asset classes especially the key equity index of the Dow Industrials (DJIA). Medium-term trend is range between 77.80 and 76.40. Immediate resistance...
GBPUSD is in uptrend from 1.5272, the price action from 1.6164 is treated as consolidation of uptrend. As long as 1.5800 support holds, uptrend could be expected to resume, and another rise towards 1.6500 is still possible....
GBP/USD rose during the session on Thursday as traders had a bit of a relief rally after a particularly bearish session on Wednesday. However, the gains were minimal compared to the losses,
Against the background of the worsening situation in Italy, the euro lost about 310