GBPUSD formed a cycle top at 1.6400 level on daily chart. Deeper decline is still possible next week, and target would be at 1.5700-1.5800 area. The fall from 1.6400 is treated as consolidation of uptrend from 1.5344,...
U.S Dollar traded mixed against the major pairs, appreciating against the Cable, where as depreciated by more than 50pips against the Common Currency; and traded stable against the Japanese Yen. Japanese Yen is showing signs of consolidation...
Instability in Portugal and possible deepening of the crises.
U.S Dollar recovers against most of the major pairs. Yesterday the Greenback appreciated most against the Cable followed buy the Common Currency. The Japanese Yen stabilized against most of the majors after exhibited unprecedented volatility during last...
FX market stabilized yesterday after witnessing choppy volatile trading sessions during past couple of days. Most of the FX pairs are showing signs of subdued volatility. Most FX pairs returned to the levels they were trading at...
Demand for the risky assets is coming back. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1.4145-$1.4185. Market participants are waiting for the Euro-zone leaders’ summit, planned for the end of...
The Greenback continued weakening a midst stronger equity bourses across the globe, especially the key index of Dow Jones Industrials (DJIA). Yen has stabilized against most of the major pairs, after exhibiting unprecedented volatility during last week.Non-homogenous...
Market review for 14 – 18.03, 2011
The U.S dollar traded mixed against the major pair, especially the Japanese Yen, where in it has gained by more than 100 pips on Friday. Volatility is expected to continue due to volatile Japanese Yen. Dollar Index...
GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks, as long as 1.5962 key support holds, uptrend could be expected to resume, and another rise towards 1.7000 is still possible. However, a break above...
