The US Dollar Index on the event of profit taking in the key equity index of the Dow Jones Industrials (DJIA). The US Dollar has traded mixed wherein it has appreciated against the Euro and the Aussie...
AS we mentioned in our previous analysis, the Cable is the process of building a double bottom formation after a significant bounce on friday. Next key resistance is represented by previous high at 1,6150.
GBPUSD remains in downtrend from 1.6745, the rise from 1.5912 is treated as consolidation of downtrend. Further decline could be expected after consolidation, and a breakdown below 1.5912 could signal resumption of downtrend. Resistance levels are at...
GBP/USD fell again on Thursday as traders are starting to shun owning the Pound across all markets. We maintain that the 1.59 mark is crucial if the bulls want any hope of staying in control That area...
The Cable remains under pressure with the break back below 1,60 which opens the door to the 1,59 level but there is also potential for a bounce as we explain below.
Euro gains of the lows of 1.4225 ranges against the US Dollar; the USD traded mixed where in it has depreciated against the Euro and the Aussie Dollar whereas it has appreciated against the Cable, the Japanese...
Moody’s downgraded the Portugal credit rating.
The US Dollar traded mixed wherein mild correction was seen in the Euro and the Cable; where as the Aussie Dollar posted mild gains and the Swiss Franc traded flatKey equity index, Dow Jones Industrials (DJIA) finds...
Cable remains under pressure with now a break back below 1,60 which opens the door to the 1,59 level. A break below this level would expose further decline towards 1,58 and beyond.
BoE is expected to leave the principal rate at the record-breaking minimum level.
