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...
The GBP/USD pair rose again on Friday as lawmakers in the US simply cannot come to an agreement involving the US debt ceiling and national deficit. The longer this continues, the more likely we are to see...
The Cable is evolving in a weekly range between roughly 1,59 and 1,66. A few weeks ago, the pair has bounced on top of the bottom of this range.
GBPUSD’s upward move extended to as high as 1.6470. Further rise is still possible next week, and next target would be at 1.6600-1.6700 area. Support is now at 1.6260, as long as this level holds, uptrend from...
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...
