The GPB/USD has confirmed its bullish momentum yesterday with an acceleration above 1,6350 (last week high). We now expect a continuation towards 1,66 (weekly bollinger band).
The pair continues to push higher while breaking above its significant daily descending trendline. A confirmation of the breakout would expose 1,46 and then 1,47 (weekly bollinger band).
Market Review – 26/07/2011 22:03 GMT Dollar weakens broadly on debt limit deadlock The greenback fell against all major currencies on Tuesday as U.S. lawmakers still could not reach a compromise on raising the U.S. debt limit...
Credit rating of Greece reduced by the Moody’s agency.
ForexPros Daily Analysis July 26, 2011 AUD/NZD Waiting For a Catalyst Commodity currencies have been among the best performing Forex instruments of past few months, especially the New Zealand Dollar, which continues to get stronger seemingly every...
The value of the US dollar (USD) was seen trading lower during a day of risk aversion— which traditionally results in a stronger dollar. The surprise turn of events is tied with the failure of Congress and...
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
The Aussie has resumed its move to the upside overnight after 2 days of consolidation. The break above the daily range has now been confirmed with the pullback on 1,08 yesterday and we now expect a test...
The pair remains under pressure as it evolves in a clear bearish trend. We will hold a bearish bias until we see a clear reversal structure building. It is not yet the case as the market tries...
After one week consolidation, the pair has finally broken through its hostorical low which. The market is now testing the 0,80 level.