The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...
The GPB/USD has been well bid after a bounce on top of key 1,60 level. The market has validated a bullish structure which now potentially exposes 1,66 (weekly bollinger band).
GBPUSD formed a cycle bottom at 1.5781 on daily chart, and the rise extended to as high as 1.6338. further rise is still possible next week, and next target would be at 1.6500-1.6600 area. Support is at...
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
European Summit expectations increase the demand for the high-risk assets.
The Cable has confirmed a bullish structure by breaking above 1,62 with a strong momentum. Next immediate target comes in at 1,64 but we might see the pair rallying towards 1,66 (daily bollinger band).
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
The momentum is still bullish on the Pound after the bounce we saw on top of 1,60 in the beginning of the week. A break above 1,62 would validate a bullish resumption with a next target at...
The GBP/USD pair rose on Tuesday, but looked oddly weak in the later part of the session. In fact, at the time of this writing, it appears that the pair is only going to be slightly changed...
The USD mixed wherein it has traded flat against the Euro and the Cable and lost ground against the Aussie Dollar where as the Swiss Franc posted gains against the Greenback. It seems that the all the...
