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The GBP/USD fell today, although not far. The pair still looks decidedly bullish, but appears to be ready for a much needed pullback. The pair should find plenty of support at the 1.65 and 1.63 areas, and...
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
Let’s pull up the GBP/USD hourly chart. We are definitely in a bullish run and it seems there is still more potential room to see more bullish action. Look for a longer term potential price of 1.7000.
Market review for 25 – 29. 04, 2011
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
GBPUSD is in uptrend from 1.5936, and the rise extended to as high as 1.6745. Further rise could be expected next week and next target would be at 1.7000 area. Support is at 1.6600, as long as...
The GBP/USD is forming a massive shooting star today, which shows massive weakness. The truth is that there is simply too much support underneath to sell with any conviction, and that the market is likely to find...
S&P Credit agency reduced the credit rating of Japan to negative level.
The markets charge on as there is no change in the Fed’s policy. Investors rushed into stocks Wednesday, sending the Nasdaq Composite Index to its highest since 2000, after the Federal Reserve reiterated its vow to stimulate...
