The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...
GBPUSD had formed a cycle top at 1.6745 level on daily chart. Deeper decline towards the trend line from 1.5344 to 1.5936 would likely be seen next week. As long as the trend line support holds, the...
U.S. stocks fell sharply on Thursday, extending losses into a fourth day for two of the benchmark indexes, as equities and commodities were hit after a surprise rise in jobless claims. Down for the third session this...
The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...
Expectations for the ECB and BoE rate decisions. Asian and European trading sessions:
U.S. stocks and commodities slid sharply Wednesday as disappointing data on the services sector and jobs overshadowed enthusiasm on corporate deal-making. We don’t think it’s the start of a bear market, but the chances of a near-term...
The GBP/USD fell today, bounced, and then fell again, only to end up relatively unchanged. The market looks weak still, as the bounce was the direction that was pushed back the furthest, and weakness could still be...
The Cable finds support at 1.6450 ranges after three days of correction; against rest of the FX pairs, the Green back traded in narrow range. The U.S Dollar seems to be oversold in short-term; short covering may...
The GBP/USD fell apart today, plunging under the 1.65 area. Because of this, the pair looks like it might be bearish for the immediate future. Very heavy support is still seen at 1.63, and is likely to...
Cable succumbed to profit taking against the Greenback; after the Dollar Index (DX) hitting low of 72.90 ranges, the U.S Dollar stabilized against most of the FX majors; tight trading pattern was observed in EURUSD, USDJPY, USDCHF...
