The Sterling has done better this week with a backdrop of strong austerity measures being sought by the U.K. government. There will be no major economic data today from England, but it will be the sentiment perhaps...
The JPY finds itself on the stronger sides of its safe haven range against the USD going into today’s final trading session. Risk appetite in the Asian bourses has been struggling most of the week reflecting global...
GBPUSD: We spoke about this move the other day. Price was pushing up against trend line Resistance just as the 50 day moving average was hitting the same level. This combination exerted tremendous pressure against the GBP.
Perhaps among the most basic of technical analysis, yet highly effective. Using Trend line Support and Resistance helps a trader target; profit taking levels, entry points as well as stops. It allows a trader to visualize trending...
USDCHF: We have been talking about this pair for sometime in light of its recent move against the Greenback. Analyzing a 4hr chart we see a great Head and Shoulders pattern appear signaling this move. The longer...
With a lack of important economic data from the States on Friday the USD traded weaker against both the EUR and GBP to close out the week. Wall Street continued to trade in a timid fashion as...
European economic data remained light on Friday and the EUR was able to push higher again. The Spanish Bonds auction went well closing out the week, which may have helped investor sentiment and European equities continued to...
The Sterling continued to follow the EUR’s lead and trade better against the USD. The GBP has picked up ground versus the Greenback as risk sentiment has continued rise. The U.K. released a better than expected Prelim...
The JPY continues to lean towards the stronger side of its value against the USD in what has been consistently risk adverse trading. Asian bourses have reflected their American counterparts producing cautious gains on a lack of...
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
