GBPUSD’s downward movement from 1.6546 extended to as low as 1.5912. Deeper decline is still possible next week, and next target would be at 1.5700-1.5800 area. Resistance is at 1.6265, as long as this level holds, downtrend...
The Cable bounce on top of 1,59 has been well capped by 1,61 and a descending trendline (see chart below). The overall outlook remains bearish but the daily studies are pointing to further gains on the pair...
The GBP/USD pair had a wild day on Thursday. The pair has been under 1.60 and over 1.61 during the last 24 hours, and the pair looks ready to move. However, we don’t like buying as the...
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
Greek parliament approves of the austerity measures.
Wall Street closed in green territory as Greece approved debt-reduction measures. The market has been rallying, in theory at least, on Greece getting financial aid and trying to work its way out of the debt rash that...
The GBP/USD pair rose as traders took on more risk after the Greek parliament voted to accept austerity measures. The pair is a barometer for risk, and this reaction isn’t necessarily surprising. The biggest issue this pair...
The Dollar Index (DXU11) depreciates for the straight third trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
The GBP/USD pair broke above the 1.60 area, but was quickly pushed lower as the resistance area held. The pair looks like it wants to build a supportive based here, but the truth is that is couldn’t...
Wall St. bought it up again in hopes that Greek austerity measures will pass in parliament, but given the low daily volume investors still remain sceptical. Down 1.1% for the nearly ended quarter, the Dow Jones Industrial...