GBPUSD broke above 1.5910 key resistance and reached as high as 1.6058 level. Now the rise from 1.5344 could possibly be resumption of long term uptrend from 1.4230 (May 20, 2010 low). Further rise towards 1.6298 previous...
EURUSD broke above 1.3497 key resistance, suggesting that the downward movement from 1.4281 had completed at 1.2874 already. Now the rise from 1.2874 could possibly be resumption of long term uptrend from 1.1876 (Jun 7, 2010 low),...
This week the EUR/GBP pair is trading up this week after a slight rollback. As mentioned before, successful breakout of the support level near 0.8430-0.8450 targeted the pair to 0.8143.The view on the currency pair remains bearish...
Released Chinese data pressured the high-risk assets. Asian and European trading sessions:
The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit...
Market Review – 20/01/2011 17:30 GMT The greenback rebounds broadly on strong U.S. economic data The dollar rebounded across the board on Thursday after economic data showed U.S. economic recovery was on track and the dollar index...
The greenback weakness pushed euro higher. Asian and European trading sessions:
4-hour timeframeThe euro is still developing a buy signal with target level at 1.3298; however, correction movement is continuing as well.
The US dollar saw gains across the board in overnight trading. Analysts attribute the bullish greenback to a positive US Building Permits figure released yesterday, which subsequently made the dollar more attractive to investors. Today, a batch...
Market Review – 19/01/2011 19:46 GMT Euro touches 2-month high against the dollar on easing debt worries The single currency climbed to an two-month high against the dollar on Wednesday on growing hopes that eurozone policymakers would...
