GBP/USD fell precipitously on Thursday as traders found nothing but a wall of fear out there. The markets have turned decidedly bearish, and the Dollar is a bastion of safe haven trading. The jobs report us due...
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
As expected, we did see the Cable resuming its uptrend after a 38% retracement of the previous rally started in July 12.
Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
The Cable has retraced almost 38% of its rally started on July 12. A resumption of the uptrend is now possible with a first target at recent high (1,6480).
The GBP/USD pair fell hard on Monday as traders failed to break above the 1.65 level. This area has been identified by us as a potentially major resistance area, and as such – we were ready. The...
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
The Cable has been rolling over ahead of the 1,65 level lately. The market is building a double top formation on the 4-hour chart.
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
